South Korean lawyer: ICO regulations will be introduced in the second half of the year

Samuel Yim, the Korea’s largest law firm, Kim & Chang, said recently that more and more South Korean startups are eager to launch ICO overseas because of stringent domestic regulations. However, he believes that the current move may be too early and ICO should be postponed until the Korean government. Plan after making clear regulations. Yim said that he always told customers who are consulting in the digital currency and blockchain field to be very cautious about ICO. There is currently no such law in South Korea that does not allow overseas ICOs, and it is actually said that ICO companies are not interested. He will wait too long. He expects that after the local elections in June this year, the Korean government will publish ICO-related laws.

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