The country's financial regulator wants to implement penalties for crypto companies that aren't doing enough to combat anti-money laundering.
source https://www.google.com/url?rct=j&sa=t&url=https://decrypt.co/60915/south-korea-cracks-down-crypto-money-laundering&ct=ga&cd=CAIyGjBkZWE0Yjc3NzNlM2I2MDQ6Y29tOmVuOlVT&usg=AFQjCNGq25z4Nkwr8qcQpMNRJa-elRkPgA
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