[South Korea Proposes Mandatory Asset Disclosure System for Crypto Influencers] According to The Block, South Korean ruling party lawmaker Kim Seung-won has proposed amendments to the *Capital Markets Act* and the *Virtual Asset User Protection Act*, requiring influencers (Finfluencers) who provide cryptocurrency investment advice on social media to mandatorily disclose their personal asset holdings and any compensation received. The proposal aims to enhance market transparency and combat misleading information and self-dealing practices. Under the proposed legislation, individuals who regularly provide investment advice on social media, mass publications, or broadcasts must disclose the types and quantities of crypto assets they hold, as well as any compensation related to promotions. Penalties for violations will be based on standards for capital market crimes such as price manipulation. Kim Seung-won stated that this measure is a necessary step to address conflicts of interest and investor harm caused by unregulated social media commentary.