Hankyung reported that South Korea’s Financial Services Commission (FSC) will launch a digital asset working group and hold its first meeting on August 17. The working group will discuss the formulation of a digital asset framework law and the introduction of various investor protection measures. The "Digital Asset Framework Law" aims to formally incorporate various digital assets such as virtual assets (cryptocurrency) and NFT into the institutional system. In addition, the Digital Assets Working Group will also discuss ICOs, and the FSC plans to prevent insolvent companies from issuing tokens by introducing ICO rules.