South Korean crypto regulators reportedly moving to major law firms

South Korean financial officials specializing in virtual assets are increasingly moving to major law firms, News1 reported. Recently, major law firms, including Kim & Chang, Lee & Ko, Yulchon, and Yoon & Yang, have been bolstering their expertise by consistently hiring specialists from both regulatory bodies and the virtual asset industry. The move comes as the industry anticipates a growing demand for regulatory compliance from financial companies and virtual asset service providers as the country's formalization of its crypto legal framework accelerates.