Financial authorities in South Korea have commenced a review of a proposed system allowing virtual asset exchanges to partner with multiple banks. This "One Exchange - Multiple Banks" model aims to diversify banking relationships for exchanges currently limited to single partnerships for real-name account verification and transaction processing. SBS Biz reported the Financial Services Commission and the Korea Financial Intelligence Unit have initiated discussions on the proposal. The current system has been criticized for creating bottlenecks and hindering competition within the virtual asset industry. The initiative gained further traction after Woori Bank CEO Chung Jin-wan advocated for its introduction at a meeting between the People Power Party and banking representatives. Allowing multiple bank partnerships could enhance stability and reduce the risk associated with relying on a single banking institution. This review signals a potential shift in regulatory approach toward virtual asset exchanges in South Korea. ```