The South Korean financial authorities have postponed the implementation of the "Credit Information Act" for virtual asset companies until December 2025

The South Korean Financial Supervisory Service announced that the obligation of virtual asset exchanges and other companies to comply with the "Credit Information Use and Protection Act" will be postponed until December 1, 2025. During this transition period, unless there is intentional or gross negligence, relevant companies will not be sanctioned for violating this law. Virtual asset companies need to complete compliance preparations such as improving internal regulations and managing customer transaction information during this period.