South Korea's Financial Services Commission is exploring the creation of a mutual fund aimed at enhancing the governance of cryptocurrency exchanges. This initiative, still in its conceptual phase, seeks to address monopoly concerns by pooling profits from exchanges. The proposal is part of the "Guidelines for Professional Investment Companies Participating in the Virtual Asset Market." Currently, the top five won-denominated exchanges—Upbit, Bithumb, Coinone, Korbit, and GOPAX—dominate over 90% of the market, suggesting the fund may target these leading platforms.