With corporate participation in South Korea\'s digital asset market set to expand, speakers at a National Assembly seminar said the market should be opened safely by separating trading and asset custody, strengthening internal controls and setting clear liability frameworks for accidents. Participants called for independent custody infrastructure aligned with international standards, institutional-grade security and transparent management of reserve assets. They also urged swift progress on second-stage legislation for the Digital Asset Basic Act.

The Korea Fintech Industry Association and South Korea\'s Financial Supervisory Service held a seminar in Seoul to review internal control duties for electronic financial firms, including oversight of sub-payment gateway operators, financial soundness and reporting of transaction terms. The FSS outlined revised supervisory rules covering merchant fee disclosures and new evaluation duties for sub-PGs. Speakers also covered payment risk management, business guidance standards and procedures for drafting and reporting electronic financial transaction terms.