Korean regulators are moving to revise guidelines governing domestic firms’ crypto activities. The Financial Services Commission is currently prohibiting exchanges from opening corporate wallets for local companies under existing rules. A broader update is expected this year in the form of a corporate digital asset trading guideline, though observers caution that the change may not immediately expand corporate use of stablecoins. Herald Economy, citing a task force, reported that regulators are leaning toward not allowing corporate investments or holdings in dollar-linked stablecoins.
An anonymous TF source said the deliberations were completed and the decision is final. If the new guidelines surface within weeks as anticipated, discussions around corporate stablecoin adoption may slow, balancing innovation in payments with foreign exchange risk controls. Against the backdrop of a won-to-dollar rate around 1,485, companies are seeking cost reductions and risk hedges, while authorities must address foreign exchange controls, anti-money laundering measures, and accounting uncertainties.
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