According to Korean media Hankyung, South Korean prosecutors will set up a "virtual asset joint investigation team" at the end of July to investigate crimes related to virtual assets. The prosecution plans to formally establish a joint investigative team by holding an inauguration ceremony as early as the end of this month during the personnel adjustment of the public servants of the prosecutor’s office. In addition, the Seoul Southern District Prosecutor’s Office has already established an informal preparation organization in order to be able to start operations immediately.