Odaily News According to Korean media reports, the proposal of the Financial Services Commission of South Korea to establish a new virtual asset department has been passed by the cabinet meeting. The revised job system and its related implementation rules will be announced and implemented on the 25th of this month. The Virtual Asset Department will be responsible for the necessary management and supervision work to establish the order of the virtual asset market and protect users. The department will temporarily increase 8 staff (by the end of 2025), including 1 level 4 staff, 4 level 5 staff, 2 level 6 staff and 1 level 7 staff.