According to CoinMarketCap, South Korea is extending its crypto Travel Rule to include transactions under KRW 1,000,000 (about $680), closing a loophole where users split transfers to avoid reporting requirements. Source: CoinMarketCap (Twitter, Nov 28, 2025). Under the Travel Rule, virtual asset service providers must collect and transmit originator and beneficiary information for covered transfers, so bringing sub-KRW 1M transfers into scope means more small exchange and wallet transfers will require identity data at the time of transfer. Source: FATF Recommendation 16 and Travel Rule guidance. For traders, this extension entails stricter screening on deposits and withdrawals across Korean exchanges and offshore venues once implemented, increasing traceability and reducing the effectiveness of structuring via split transfers. Source: FATF Recommendation 16; Korea Financial Services Commission Travel Rule implementation framework (2021–2022).

According to @simplykashif, Bitcoin trades at a consistently higher price on Korean exchanges, the Kimchi premium, making BTC/KRW quotes richer than offshore markets and directly relevant for spread monitoring and execution, source: @simplykashif. According to @simplykashif, crypto ownership reaches 30% of the population, pointing to a large retail base that can concentrate liquidity in KRW pairs during local trading hours, source: @simplykashif. According to @simplykashif, internet penetration is 98% and users are highly mobile-first, indicating strong readiness for rapid on-exchange activity and mobile-driven order flow in Korea, source: @simplykashif.

According to Ai 姨, there is uncertainty about whether withdrawals are possible from Korean exchanges and institutions, as no official announcements have been found. If withdrawals are not possible, there might be a strategy to control high prices on the blockchain and sell off assets on exchanges such as Binance.