PANews|May 12, 2026 02:46
[15 Virtual Asset Service Providers in South Korea Have Frozen 22.1 Billion KRW in User Assets, with a Return Rate of Only 0.3%]
According to Yonhap News Agency, data obtained by South Korean People Power Party lawmaker Kang Min-guk from the Financial Supervisory Service shows that as of May 4, a total of 15 virtual asset service providers that have ceased operations in South Korea involve approximately 1.949 million users, with frozen assets amounting to 22.1 billion KRW ($14.87 million). Among them, only 6 operators have transferred user assets to the Digital Asset Protection Foundation, involving 1.92 million users and assets of approximately 2.36 billion KRW ($1.59 million). Only 131 users have recovered their assets through the foundation, accounting for 0.006% of all users, with returned assets totaling approximately 74.52 million KRW ($50,000), which is only 0.3% of the total assets.
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