Vice Chairman Kim Soyoung of the Financial Services Commission presided over the third meeting of the virtual asset committee on February 13 and held discussions with related ministry officials and private sector experts on the final policy measures intended to allow corporate transactions of virtual assets in the virtual asset market. At the meeting, the committee also discussed ways to bring about improvements to the best practice guidelines for listing virtual assets and reviewed the progress of regulatory reform regarding the introduction of security token offering (STO). In the first half of this year, the sale of virtual assets will be allowed by law enforcement agencies, non-profit corporations and universities, and virtual asset exchange service providers only for the purpose of liquidating them into cash. In the second half of this year, a pilot test of corporate transactions will be introduced for investment and financial purposes by about 3,500 listed companies and registered companies that are classified as qualified professional investors under the FSCMA.