According to Korea Economic News, Kim Joo-hyun, chairman of South Korea’s Financial Services Commission (FSC), expressed a cautious stance on domestic financial companies’ entry into the virtual asset (cryptocurrency) market, saying that financial companies’ entry into the virtual asset market “needs further social discussion,” At the same time, he stated that "virtual assets with securities will be subject to relevant securities regulations, but considering the particularity of virtual asset issuance and circulation, technical complementarity will be discussed, and virtual assets without securities will not only be discussed by the Financial Commission, but also by scientific and technological information." The Ministry of Communications, the Ministry of Small and Medium Venture Enterprises, etc. will discuss in the State Affairs Adjustment Office.”