[South Korea's Financial Services Commission Chairman Announces Expansion of Crypto Travel Rule Regulations] On November 28 local time, South Korea's Financial Services Commission Chairman, Lee Bok-hyun, stated at the Financial Intelligence Unit's '19th Anti-Money Laundering Day' ceremony that the scope of the 'Travel Rule' regulations will be expanded to include transactions below 1 million Korean won (approximately $680). He emphasized a strict crackdown on money laundering activities conducted through virtual asset transactions. He also announced a ban on virtual asset transactions with overseas exchanges that pose high money laundering risks and plans to establish a rigorous review mechanism to comprehensively examine the criminal records, financial status, and social credit of major shareholders in virtual asset businesses.