South Korea's Financial Services Commission (FSC) has permanently established its Virtual Asset Division, marking a significant regulatory development. This decision, reported on December 16, integrates the division into the FSC's enforcement rules, ending its provisional status. Additionally, the Virtual Asset Inspection Division within the Financial Intelligence Unit (FIU) has also been granted permanent status. The FSC's move aims to bolster oversight in the classification of crypto assets and enhance measures against the financing of terrorism. These changes are expected to provide a stable regulatory framework for the digital asset market in South Korea, reflecting the country's commitment to robust financial regulation.