The proposal to establish a new virtual asset section of the Financial Commission of Korea has been approved by the State Council. The approved amendments to the job structure and related amendments to the implementation rules will be announced and implemented on the 25th of this month. The virtual asset section will undertake the necessary management and supervision work to establish order in the virtual asset market and protect users. The department will temporarily increase 8 staff (by the end of 2025), including 1 level 4 staff, 4 level 5 staff, 2 level 6 staff and 1 level 7 staff.