[South Korea Plans to Lower the Threshold for Virtual Asset Travel Rule to Below 1 Million KRW] The South Korean Financial Intelligence Unit held its first meeting of the 'Specific Financial Information Revision Task Force' on December 29, planning to expand the current 'Travel Rule'—which applies to virtual asset transfers exceeding 1 million KRW—to include transactions below 1 million KRW, in order to strengthen anti-money laundering regulations. Additionally, financial authorities will promote the institutionalization of stablecoins, introduce account freezing mechanisms, and aim to propose improvements to the anti-money laundering system by the first half of 2026.