According to reports from South Korean local media outlets, the financial regulators in the nation are planning to investigate the transaction fees charged by regional exchanges; the regulators reportedly aim to reduce trading costs for users.
On June 19, 2025, the Herald Economy reported that the Financial Service Commission in South Korea is planning to launch an investigation over the trading fees charged by exchanges and is willing to intervene if it is found necessary.
It is said that the move to reduce the transaction cost came from the political campaign where he promised to make a reduction in prices to support young traders in the nation.
Noteworthy is that Lee Jae-myung has recently taken oath as the president of South Korea after the impeachment of the previous president. The elections were scheduled in 2027, but due to an emergency, they have been conducted in the ongoing year.
The FSC of South Korea plans to conduct a detailed survey of the exchange, including the current fee system, charging method, and the amount collected.
An official of the commission told the media outlet that, “ We need to examine whether the current fees of domestic exchanges are an excessive burden on consumers and whether they are at an appropriate level compared to overseas cases.”
Is South Korea becoming a crypto-friendly nation?
South Korea is constantly positioning itself as a crypto-friendly nation, primarily driven by a technology-savvy population; on the other hand, a balanced regulatory approach and set of regulations have helped the market to flourish.
As per some recent surveys, around 31% of the total population of South Korea is actively involved in cryptocurrencies, and by the end of 2024 total value of crypto held by the SK residents was $75 billion.
Domestic exchanges like Bithumb and Upbit are major players in the crypto market of South Korea; over 55% of new exchange users are in their 20s and 30s, driven by high youth unemployment.
There are higher chances of South Korea standing among the top crypto hub contenders shortly. The Financial Services Commission and KoFIU collaborate to enforce anti-money laundering and know your customer requirements, aligning with global standards.
Crypto market price update
Until publishing, the cryptocurrency market was at $3.26 trillion with an increase of 0.39%, and trading volume was $109.33 billion with a loss of 8.41%.
The crypto fear and greed index is at 48, indicating neutrality, and Bitcoin is down by 2.22% in a week, currently trading at $105,025 with a market capitalization of $2.08 trillion.
According to the data from CoinMarketCap, the intraday gainer’s list has been topped by Aerodrome Finance, OKB, Raydium, Sei, Jito, Kaia, Artificial Superintelligence Alliance, Uniswap, and Injective.
In the same frame, the losers are Story, Hyperliquid, Polkadot, Four, Avalanche, Monera, Gate(dot)io, Bitget, and DeXe.
