South Korea's financial regulator is set to investigate the transaction fees charged by local cryptocurrency exchanges, aiming to lower trading costs for users. The Financial Services Commission (FSC) will examine the fee structures of these platforms and consider potential regulatory actions, as reported by the Herald Economy. This initiative aligns with the pro-crypto agenda of newly elected President Lee Jae-myung, who pledged to reduce trading costs to support young investors during his campaign. The FSC plans to survey exchanges regarding their fee systems, charging methods, and total amounts collected. An official stated that the investigation aims to determine if current fees are excessively burdensome for consumers and how they compare to international standards. The FSC has not yet established a target commission rate but intends to develop policy guidelines based on a comparative analysis of domestic and foreign exchanges, as well as user preferences. Read more AI-generated news on: https://app.chaingpt.org/news