According to PANews, the South Korean Ministry of SMEs and Startups announced that it will amend the enforcement regulations of the Special Act on Fostering Venture Enterprises to lift the restrictions on cryptocurrency trading and brokerage companies.
Previously, in 2018, South Korea excluded the cryptocurrency trading industry from the scope of recognized venture enterprises, causing dissatisfaction in the industry. Now, such companies will be able to enjoy preferential policies such as tax reductions and financing support.