South Korea's Financial Services Commission (FSC) plans to investigate Upbit exchange for antitrust violations. According to reports, during the South Korean National Assembly audit, lawmaker Lee Kang-il expressed concerns about Upbit's market monopoly and its relationship with online bank K-Bank. He specifically pointed out that Upbit's deposits accounted for a large part of K-Bank's deposits, posing a potential risk of bank runs. Kim Byung-hwan, chairman of the South Korean Financial Services Commission, said that he was aware of Upbit's monopoly problem and that the Financial Services Commission would investigate Upbit's monopoly structure in response to Lee Kun-hee's concerns. (Cointelegraph)