Question 1

What smart contract tools is South Korea building?

Accepted Answer

The Financial Security Institute is developing automated software to detect vulnerabilities like reentrancy attacks and access-control flaws in smart contracts used by tokenized securities and stablecoins, with detection rules tailored to Korean financial regulations.

Question 2

When does South Korea's crypto tax take effect?

Accepted Answer

A 22% tax on crypto gains, split between a 20% national income tax and a 2% local tax, takes effect January 1, 2027, applying to annual gains exceeding 2.5 million won (roughly $1,800).

Question 3

What crypto custody failures prompted the new monitoring push?

Accepted Answer

Three incidents in early 2026 exposed weaknesses: the Gwangju prosecutors' office lost 320.8 Bitcoins to a phishing attack, Seoul's Gangnam Police Station lost 22 Bitcoins from a cold wallet, and the National Tax Service accidentally leaked a wallet recovery phrase in a press release, leading to a $4.8 million theft.

FSI

South Korea steps up crypto monitoring regime with new tools, specialists

One sharp brief.
Every day.

FSI

South Korea steps up crypto monitoring regime with new tools, specialists

One sharp brief.Every day.

One sharp brief.
Every day.