South Korea Plans To Allow Corporate Real-Name Accounts For Virtual Asset Trading

According to Foresight News, the South Korean Financial Services Commission announced its 2025 major work plan on January 8, which includes gradually allowing corporations to open real-name accounts for virtual asset trading through discussions with the Virtual Asset Committee. Although there is no explicit legal prohibition on issuing real-name accounts to corporations, financial regulators have previously advised banks against providing such accounts to corporate entities. The Financial Services Commission plans to start with non-profit corporations and will gradually develop specific implementation plans. Additionally, the commission aims to advance the "Second Phase Virtual Asset Act," which will cover the regulation of virtual asset issuance and circulation. Future discussions will focus on listing standards, stablecoin management, and the conduct rules for virtual asset exchanges, aligning with global regulatory frameworks.