South Korea plans to lift corporate crypto ban, allow listed companies to invest in cryptocurrencies

According to Foresight News, Sedaily reported that sources revealed that South Korea’s Financial Services Commission (FSC) has finalized guidelines to allow listed companies and professional investment institutions to trade cryptocurrencies. The new rules end a nine-year ban and allow eligible legal entities to invest up to 5% of their net assets annually in the top 20 cryptocurrencies by market capitalization on South Korea’s five major exchanges. The policy changes are expected to allow approximately 3,500 entities to gain market access. Regulators will also require exchanges to implement staggered execution and order size limits. There is still ongoing discussion about whether U.S. dollar stablecoins such as USDT qualify as investments.

South Korea's Financial Services Commission plans to issue final guidance this month or in February. The implementation time will be synchronized with the Digital Asset Basic Law, which is expected to be submitted to the legislative process in the first quarter of 2025. Corporate transactions are expected to start before the end of the year.

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