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 fees imposed by 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 crypto exchanges regarding their fee structures, charging methods, and total amounts collected. During a policy briefing for the presidential transition team, an FSC official stated the need to assess whether current fees are excessively burdensome for consumers and how they compare to international standards. The FSC has not yet determined a target commission rate and intends to establish 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