South Korea's Financial Services Commission met on Tuesday for its first virtual asset committee meeting of 2026 at the Government Complex Seoul. The meeting reviewed the status and plans related to a mistaken virtual asset payment incident on Feb. 6 and discussed a government review draft of the Digital Asset Framework Act. Officials also considered strengthening exchange internal controls, IT and security standards, safeguards including no-fault liability, and standards for stablecoin issuance and ownership dispersion.

South Korean stocks post record intraday losses on the spillover from Middle East geopolitical risks, with the KOSPI falling more than 12 percent at one point and surpassing the decline seen after the Sept. 11 attacks. The rout triggers sidecar and circuit breaker measures, while the won weakens past 1,500 per dollar. Major brokerages and analysts describe the move as a short-term adjustment that has largely priced in bad news, while arguing the medium- to long-term upward trend remains valid.