South Korea Plans Travel Rule Expansion to Track Crypto Transfers Below ₩1,000,000

South Korea's financial authorities are reviewing an expansion of the crypto Travel Rule to include transfers under ₩1,000,000 (~$680), requiring exchanges to collect sender and recipient details. A Korea FIU-led task force met on November 29 to draft amendments to the Special Act, with proposals including temporary account suspensions and broader AML obligations.