Simon Kim, CEO of Hashed, South Korea's largest crypto venture capital firm, wrote that with the extension of cryptocurrency taxation for another two years, the institutionalization process of cryptocurrency and Web3 in South Korea is expected to accelerate. Kim listed a number of policies that are expected to be promoted, including allowing companies to open cryptocurrency accounts, opening up institutional investors to participate in cryptocurrency investment, allowing tokens to be issued in South Korea, and issuing STO/RWA regulatory frameworks. Other important policy directions include formulating guidelines for stablecoins, establishing accounting standards for virtual assets, subdividing professional fields such as custody, opening up cryptocurrency companies to be recognized as venture capital companies (currently regarded as the gaming industry), allowing Korean exchanges to access overseas users, and relaxing restrictions on Korean companies' investment in overseas blockchain companies.