Vice Chairman Kim Soyoung of the Financial Services Commission held a meeting with the virtual asset industry and related experts on March 12 to have discussions on key details of the guidelines being prepared for allowing corporate transactions of virtual assets in stages. At the meeting, Vice Chairman Kim outlined the progress of establishing virtual asset regulations in the domestic market and highlighted the importance of ensuring regulatory consistency with global standards. In this regard, Vice Chairman Kim said that the roadmap introduced last month to allow corporate participation in the virtual asset market is part of this effort and that adequate AML mechanisms and internal control standards should be prepared for best practice guidelines. With regard to the timeline for preparing the guidelines, Vice Chairman Kim said that the inter-ministerial taskforce will seek to introduce guidelines for non-profit corporations and virtual asset exchange service providers in April and for listed companies and qualified professional investors in the third quarter of this year.