Wu said that he learned that according to News1, the South Korean Virtual Assets Committee will be established this month and plans to hold its first meeting as early as this month. The South Korean Virtual Assets Committee is a policy advisory body established by the Financial Services Commission (FSC) of South Korea in accordance with the Virtual Asset User Protection Act that came into effect in July last year. After the establishment of the agency, it will discuss related issues such as the approval of virtual asset spot ETFs and corporate virtual asset investments.