In this guide
Korea’s Virtual Asset User Protection Act took effect in July 2024, strengthening safeguards around user assets and unfair trading. Related industry best-practice guidelines also increased expectations for listing review and essential Korean-language project information. Later official discussions focused on circulation, listing volatility, and clearer screening.
An overseas project may not operate a Korean exchange, but it supplies much of the information an exchange and users rely on. Inaccurate circulation data, ambiguous admin powers, outdated whitepapers, and improvised incident statements can become market-entry problems.
Create a controlled token fact register
Maintain current total supply, circulating supply, locked and reserved allocations, vesting events, treasury wallets, market-making arrangements, burns, mints, bridges, and privileged authorities. Record the source, owner, approval, and effective date for each figure. The public website, profile sites, exchange applications, and community answers should derive from this register.
When a definition differs by provider, explain the method instead of silently publishing conflicting numbers.
- Supply definitions and calculation method
- Allocation, lockup, and release schedule
- Treasury and operational wallet inventory
- Mint, freeze, upgrade, and pause authorities
- Disclosure owner and change-approval log
Document utility and market claims conservatively
Describe what is live today, what depends on governance, and what remains planned. Avoid price implications, guaranteed outcomes, unconfirmed listings, or partnerships that the counterparty has not approved for publication. Keep Korean materials synchronized with the source version.
If an NFT, reward, or token has mixed functions, obtain classification advice based on its substance and promotion rather than relying on its label.
Prepare incident communication before an incident
Name technical, security, legal, exchange, and community owners. Prepare a secure method to verify official notices, a holding statement, known-facts template, status page, and decision log. Moderators should know how to remove scams and route reports without speculating about liability or recovery.
The first message should distinguish confirmed facts, user action, and the next update time. Speed matters, but unverified certainty can cause additional harm.
Build a Korea-ready disclosure and support pack
BlockPlanet can help consolidate the token fact register, refresh the website and whitepaper, prepare Korean project information, organize exchange-profile and listing materials, train community operators, and coordinate audit or legal specialists. The foundation remains responsible for the accuracy and approval of its facts.
Review the pack before every token release, bridge change, major campaign, listing application, or privileged-role change. User protection becomes practical when updates are tied to product operations instead of annual paperwork.
Talk to BlockPlanet
Planning a serious move into Korea?
We can turn your market assumptions into a localized content, community, PR, and operating plan with clear owners and launch gates.
- Korea localization
- Community operations
- PR & market entry
Frequently asked questions
Does the Korean User Protection Act apply only to exchanges?
Many direct duties focus on VASPs, but projects provide disclosures, supply data, contracts, and incident information used by exchanges and users. Obtain advice on the duties that apply to your activity.
Why is a Korean whitepaper or key-information page important?
Korean users and exchange reviewers need essential information they can understand and verify. It should be current, consistent with the source, and connected to official technical records.
Can BlockPlanet guarantee a Korean exchange listing?
No. Exchanges make independent decisions. BlockPlanet can organize materials, profiles, localization, communications, and coordination without promising an outcome.
Research
Sources & further reading
Primary references reviewed for this guide. Rules and draft standards can change; confirm the current text before acting.
