On June 19, CoinWorld reported that the South Korean Financial Commission plans to investigate the fee levels of major domestic cryptocurrency exchanges to assess whether the current fees impose an excessive burden on users and to explore the necessity of policy intervention. This investigation is one of the specific steps to fulfill President Lee Jae-myung's campaign promise to 'reduce cryptocurrency trading fees.'
The Financial Commission revealed in its work report to the National Policy Planning Committee that this investigation will cover major exchanges including Bithumb, Upbit, and Coinone, focusing on the fee rate system, charging methods, and amounts. At the same time, it will refer to overseas cases to determine a reasonable level of fees.
President Lee Jae-myung previously promised to reduce the current fee level of about 0.05% to 0.015%. The Financial Commission stated that this investigation is a preliminary preparation for the fee reduction, and specific target rates have not yet been set. Policies will be formulated through comparative analysis of domestic and foreign exchanges and assessments of user convenience.
Earlier news analysis: President Lee Jae-myung's commitment to cryptocurrency reform has not significantly boosted market enthusiasm, and the activity level of cryptocurrency trading in South Korea remains low.