Kim Joo-hyun, the chairman of the Financial Services Commission in South Korea, stated that they plan to concentrate the screening and analysis capabilities of the Financial Intelligence Unit (FIU) on investigating crimes involving the use of virtual assets (such as drugs and gambling) and illegal financial fraud that directly affects people's lives. In the future, they will share suspected criminal cases with major law enforcement agencies such as prosecutors and police to conduct strategic in-depth analysis. They aim to eradicate crimes involving drugs, gambling, and harm to people's lives, and return the proceeds from virtual asset crimes as much as possible. Kim Joo-hyun also announced plans to strengthen the review and inspection of cryptocurrency companies, conduct thorough reviews of major shareholders, and strictly examine whether there are money laundering risks or user protection issues in various reporting processes for existing operators in the future.

According to reports from local media in South Korea, the market share of the BTC trading market in South Korea increased by approximately 8% from the beginning of this year in November. The market share of Bitcoin trading in South Korea this month is 12.9%, an increase of 7.7% from January's 5.2%. Jamie Sly, CC Data's communications manager, said that South Korean Bitcoin exchanges have had a significant impact on the overall growth of trading volume, with Upbit accounting for most of the trading volume.

Hana Securities in South Korea has announced its selection of INF Consulting as its technical partner for its securities token offering (STO) platform. It plans to launch in the second half of 2024. The company stated in a release that its offering will cover issuance and distribution. The company confirmed that it is still actively participating in the Next Finance Initiative (NFI) alliance with Mirae Asset Securities and SK Telecom to help promote the STO or digital securities market.

November 9th news, South Korean cryptocurrency exchange Bithumb launched the MINA token Korean won trading pair, trading began at 16:30 local time.

South Korean police have closed down a company suspected of cryptocurrency fraud, which is accused of defrauding 4,000 people's funds and arresting 25 people. The company is believed to have collected nearly $14 million in fiat and cryptocurrency from its customers, and the suspects have been detained on charges of fraud. A Daegu police officer said that the arrested included a "cryptocurrency developer" and "a responsible person of a multi-level sales company". A police spokesperson said that this group created a Token and promoted it through social media and other channels. The group has been active in the South Korean cryptocurrency field from August 2020 to June 2021.

South Korean cryptocurrency exchange Cashierest announced the termination of its virtual asset brokerage business. Deposits and membership registration services will stop on the same day, and token trading will end on November 13th. Users can withdraw their cryptocurrency to other exchanges before December 22nd. 

South Korean token securities (ST) company Galaxia Money Tree has announced that it has signed a partnership agreement with EnergyX and Marina Chain to launch token securities business based on renewable energy technology. Under the agreement signed that day, Galaxia Money Tree is responsible for issuing token securities, EnergyX is responsible for the overall engineering of new and renewable energy business discovery, technology commercialization, product design and launch. MarinaChain is engaged in product-related consulting and external sales.

Promotion team of Busan Financial Blockchain Zone's digital asset exchange in South Korea has revealed that Busan has recently issued a notice and is currently selecting an operator to establish and operate the Busan digital asset exchange. According to the announcement, the Busan digital asset exchange promotion team will announce the results next month after reviewing and demonstrating evaluations of the documents submitted by the Busan city government. After selecting the operator, it is expected that the business steps will be accelerated and the company will be established within the year. The Busan digital asset exchange project is 100% driven by private investment. Therefore, enterprise operators have invested in enterprise infrastructure costs, operation, and ownership. However, depending on the future project content, administrative support from the Busan city may be obtained. Business proposals related to the establishment of the Busan digital asset exchange must be submitted before the 28th, and those who wish to apply as a company can view materials such as the plan and future establishment timetable of the Busan digital asset exchange. As part of the Busan project, according to relevant sources, Busan will be transformed into a city based on blockchain technology and become the leader of the blockchain industry and ecosystem by 2026. At the same time, Busan, as a free regulatory zone for blockchain, has dissolved the Busan digital asset exchange establishment promotion committee, which recently completed its work, and reviewed it through the Free Zone Guidance Committee.

On October 18th, according to Coindesk, the Korean crypto service company Team Blackbird behind the blockchain data and analysis platform CryptoQuant announced a partnership with SK Telecom (SKT), the largest telecom company in Korea, to launch a crypto wallet that can help users access on-chain dApps, store tokens, and access CryptoQuant's on-chain analysis tools.

South Korean Ministry of Education stated that "if universities accept asset donations other than cash (such as stocks), they can be evaluated and recorded based on the fair value at the time of the donation." Kang Min-ting, a member of the Education Committee, stated that "currently, there are no clear regulations on the accounting method for accepting donations of virtual currency by universities, but the virtual currency held will be accounted for as intangible assets based on the international financial reporting standards (K-IFRS) adopted by South Korea." The South Korean Ministry of Education stated that after the South Korean Ministry of Finance confirms the "Virtual Asset Accounting Regulatory Guidelines," it will promptly formulate guidance for universities.