Korea Financial Supervisory Authority initiated system upgrades to prepare for reimbursement of victims of virtual asset voice fishing

THE KOREA FINANCIAL SUPERVISORY AUTHORITY (FSS) HAS LAUNCHED THE FINANCIAL FRAUD LOSS COMPENSATION SYSTEM IMPROVEMENT PROJECT, WHICH AIMS TO INCLUDE VIRTUAL ASSET LOSSES WITHIN THE SCOPE OF COMPENSATION. THE PROJECT PLANS TO REFORM THE EXISTING KOREAN WON COMPENSATION SYSTEM AND TO IMPLEMENT IT IN OCTOBER THIS YEAR. THE REFORMED SYSTEM WILL USE THE COMPENSATION RATE, TAKING INTO ACCOUNT THE VIRTUAL ASSET TYPE, QUANTITY AND KOREAN WON EXCHANGE VALUE AT THE TIME OF THE SUSPENSION。