PANews reported on December 3rd that according to iNews24, starting next year, South Korea's virtual asset service providers, including Dunamu (Upbit), Bithumb and Coinone, will be required to pay regulatory fees. The decision was made after the State Council approved the amendment to the executive order of the Financial Services Commission (FSC) Establishment Act on December 3. Regulatory fees are calculated based on operating income and paid by financial institutions such as banks, investment companies, and insurance companies to cover FSC's inspection and supervision services.