Speaking at the Seoul Fintech Week 2024 event, Lee Hyun-duk, head of the Korea Financial Supervisory Service's Office of Virtual Assets Supervision, said that although the impact of the virtual asset market on financial stability is limited at present, it is expected to continue to expand in the future. In response to the regulatory gap existing in the recently implemented Virtual Asset User Protection Law (referred to as the Virtual Asset Law), Lee Hyun-duk stressed that it should be filled by strengthening industry self-regulation.