The path for corporate virtual investments is opening up.
Ahead of the expected easing of regulations on virtual asset investments by corporations and institutional investors, the virtual asset industry is preparing to acquire new certification systems or develop related products.
Under current laws, corporations and institutions can theoretically invest in virtual assets in South Korea. However, practical investment opportunities have been restricted due to regulations imposed by financial authorities. In an effort to revive the virtual asset industry, which has been experiencing a downturn, policymakers are now considering easing these regulations.
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Legal experts also expressed positive views on allowing corporate and institutional investments. They explained that not only is corporate investment explicitly allowed under current laws, but it is also desirable from the perspective of promoting industry growth.
Pureun “Ian” Hong, managing partner of Decent Law Firm, which specializes in virtual assets, stated, "According to the current Act on Reporting and Use of Specific Financial Transaction Information, corporations can invest in virtual assets if they meet certain conditions. If corporate investments are permitted, it could supply new liquidity to the market and revitalize the economy."
