Lee Ju-yeol, the chairman of the Financial Supervisory Service (FSS) in South Korea, stated that the agency will take action against unfair disclosure of virtual assets (cryptocurrencies). Lee stated that he will take action on the issue of disclosure of circulating amounts of virtual assets such as "Sui" raised by Korean lawmaker Min Byung-doo during an audit of the Seoul Financial Supervisory Service Political Committee. Lee stated that they are asking consulting firm DAXA to take measures to win consumer trust, and if they manipulate the circulation volume or engage in unfair disclosure through monitoring, they will take action through consultation. However, he also acknowledged the limitations of the system, and it is difficult to control the issuance market and exchanges through the current Virtual Asset User Protection Act, so it is necessary to discuss this issue through secondary legislation. The FSS plans to support the establishment of virtual asset listing procedures, internal controls, issuance and circulation standards, and "establish a virtual asset market supervision inspection system" according to the work report submitted to the Korean Audit Office.