According to News1, South Korea's financial authorities are planning to expand the scope of the so-called "Travel Rule," known as the real-name system in the crypto industry, from transactions over 1 million KRW to include small transactions. The Financial Intelligence Unit (FIU) of South Korea held the first meeting of the Special Financial Action Task Force (TF) revision, planning to simultaneously refine the VASP regulatory framework and develop AML supporting measures for industry developments such as the institutionalization of stablecoins.