Upbit has not listed any cryptocurrency issued by Korean operators since 2021

According to the Korean Daily News, since the official launch of virtual asset regulation in South Korea in 2021 (i.e. the implementation of the Special Financial Act), the number of "kimchi coins" (virtual assets issued by Korean operators) listed on the country's major cryptocurrency exchanges has significantly decreased. According to statistics, out of 793 cryptocurrencies listed on the Upbit, Bithumb, and Coinone exchanges since 2021, only 41 have been issued by domestic operators. Especially, Upbit, which ranks first in South Korean cryptocurrency exchanges in terms of transaction volume, has listed a total of 133 cryptocurrencies since 2021, but none of them have been issued by South Korean operators. During the same period, 20 out of 365 cryptocurrencies listed on Bithumb and 21 out of 295 cryptocurrencies listed on Coinone were issued by domestic operators in South Korea