According to a spokesperson from the South Korean cryptocurrency task force, there are no plans to ban cryptocurrencies. (bit-media.org)
In late December, the South Korean government's cryptocurrency task force formed by the Ministry of Strategy and Finance, Financial Services Commission, Ministry of Justice, Fair Trade Commission, and Financial Supervisory Commission stated that it would follow the regulatory roadmap established by major regions such as Japan and the US. (cryptotimes.news)
Consequently, the Ministry of Strategy and Finance along with other member agencies of the South Korean cryptocurrency task force stated that they do not support or agree with the Ministry of Justice and its head Park Sang - ki's decision to impose a ban on cryptocurrency trading. (cryptotimes.news)