KuCoin, a prominent cryptocurrency exchange, has announced its intentions to re-enter the South Korean market, according to a recent Coin Telegraph report. This move comes after regulatory hurdles forced their exit earlier this year. Focus on Regulatory Compliance In a statement, KuCoin CEO BC Wong emphasized the importance of adhering to regulatory standards before re-establishing operations in South Korea. The exchange plans to prioritize compliance with regulations in major jurisdictions, including the United States, the European Union, China, and Australia. This suggests a strategic approach to ensure a smoother re-entry and long-term sustainability in the South Korean market. Past Challenges in South Korea In March, access to KuCoin's applications was blocked in South Korea at the request of the Korea Financial Intelligence Unit (FIU). This action targeted unregistered virtual asset service providers, highlighting the stringent regulatory environment for cryptocurrency exchanges in the country. KuCoin's renewed focus on compliance indicates a willingness to address these past challenges. ```