TechFlow news, on February 13, according to Newsis, Kim So-young, Vice Chairperson of South Korea's Financial Services Commission, announced at the third Virtual Asset Committee meeting that corporate access to virtual asset real-name accounts will be implemented in three phases.
The first phase (by Q2 2025) will allow law enforcement agencies, nonprofit corporations, and virtual asset exchanges to open accounts; the second phase (second half of 2025) will expand access to approximately 3,500 professional investment corporations; the third phase will consider opening accounts to ordinary corporate entities.
The FSC stated it will gradually advance this plan after strengthening anti-money laundering regulations and institutional frameworks.
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