South Korea will include major shareholders of virtual asset service providers in screening starting from August 20, and equity changes must be reported 30 days in advance.

According to News1, the South Korean Financial Services Commission, Financial Intelligence Unit (FIU), and Financial Supervisory Service stated that starting from August 20, the scope of reporting review for virtual asset service providers will be expanded to include major shareholders; if changes occur to major shareholders or the compliance system, prior reporting must be submitted 30 days prior to the change.