South Korea is set to introduce a mandatory asset disclosure system for cryptocurrency influencers, aiming to enhance market transparency and curb misleading information. Lawmaker Kim Seung-won has proposed amendments to the Capital Markets Act and the Virtual Asset User Protection Act, requiring influencers who provide crypto investment advice on social media to disclose their personal asset holdings and any compensation received. The proposed legislation targets individuals offering investment advice through social media, mass publications, or radio, mandating them to reveal the types and quantities of crypto assets they hold. Penalties for non-compliance will align with those for capital market offenses like price manipulation. Kim Seung-won emphasized the necessity of this measure to address conflicts of interest and protect investors from unregulated social media commentary.