South Korea's Financial Services Commission (FSC) is set to investigate transaction fees charged by domestic cryptocurrency exchanges to lower trading costs for users. This initiative follows a promise by newly elected President Lee Jae-myung to reduce crypto trading expenses as part of his campaign, which aims to support young traders. The FSC's investigation will include a survey of crypto exchanges regarding their fee structures, charging methods, and the total fees collected. An official stated the need to assess whether domestic fees are excessively burdensome compared to foreign exchanges. The FSC has not established a target commission rate, intending to develop policy standards based on a comparative analysis of fees and user preferences across both domestic and international platforms. This effort aligns with a broader pro-crypto agenda put forth by the new administration, highlighting the growing focus on regulatory frameworks in the cryptocurrency market.

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