South Korea to release corporate crypto investment rules next month

South Korea is expected to release guidelines for corporate investment in virtual assets as early as next month, Chosun Biz reported. Financial authorities are concerned that large-scale corporate crypto investments could threaten financial soundness and are considering a plan to limit such investments to between 5% and 10% of a company's own capital. The guidelines are set to include rules on the types of virtual assets corporations can invest in, requirements for using custody services to store assets before and after trading, and measures to prevent corporate money laundering. However, trading is expected to be difficult for listed companies in which the government holds a stake, as well as for financial firms such as banks and insurance companies. The final investment cap for corporations is still under discussion.