In recent years, South Korea has undergone a transition from strict regulation to gradual easing of cryptocurrency policies. In July 2024, the 'Virtual Asset User Protection Act' will come into effect, strengthening penalties for market manipulation and insider trading, and requiring exchanges to ensure the security of user assets. Starting in June 2025, South Korea will waive cryptocurrency trading fees for non-profit organizations and exchanges to promote transparent donations and compliant trading. At the same time, after the presidential elections in 2025, policies may be further relaxed, including allowing spot ETFs, legalizing stablecoins, and gradually opening up to institutional investor participation. These measures aim to balance innovation and regulation, driving South Korea to become a global blockchain hub.