The South Korean financial authority announced that it will strengthen the legal supervision related to bankruptcy and actively respond to it to minimize user losses. The number of businesses that have recently closed or suspended their operations has increased since the implementation of user protection recommendations due to shutdowns in November last year. Authorities conducted emergency on-site inspections of 10 businesses from the 20th to 23rd of last month. A total of 7 virtual asset businesses have recently announced the closure of their operations (Coinbit, Cashierest, Huobi Korean, ProBit, Ten & Ten, Hanbitco, Coin & Coin), and 3 companies (Oasis, B-Trade, Bikmon) have partially suspended their operations. Authorities have found multiple cases of negligence in user protection among these 10 businesses. In this regard, the competent authority said that in general, the implementation of the recommendations was not strong enough, the return of user assets was not properly implemented, "and" the matters that should be followed after termination were not complied with. "Including the recognition that operators evaded legal obligations by simply terminating their own business." "Lack of commercial awareness,".