In recent years, South Korea has undergone a shift in cryptocurrency policy from strict regulation to gradual easing. In July 2024, the "Virtual Asset User Protection Act" will take 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 exempt non-profit organizations and exchanges from cryptocurrency trading fees to promote transparent donations and compliant trading. At the same time, after the presidential election in 2025, policies may be further relaxed, including allowing spot ETFs, legalizing stablecoins, and gradually opening up participation to institutional investors. These measures aim to balance innovation and regulation, positioning South Korea as a global blockchain center.