[South Korea FIU Delays Mandatory Reporting Rule for Large Virtual Asset Transfers] According to ZDNet Korea, the South Korean Financial Intelligence Unit (FIU) has decided to delay the implementation of the provision in the amended *Act on Reporting and Using Specified Financial Transaction Information* that requires users to submit suspicious transaction reports when transferring virtual assets exceeding 10 million KRW (approximately $7,300). The Korea Digital Asset Exchange Association (DAXA) had previously stated that this mechanism could increase compliance costs and prolong transfer processes. The FIU will continue to expand the regulatory scope of the Travel Rule, extending it from the current threshold of transfers exceeding 1 million KRW (approximately $730) to include transactions below 1 million KRW, aiming to enhance transparency in fund flows.