Svmuu News: South Korean Deputy Prime Minister and Minister of Strategy and Finance Koo Yun-chul has pledged to carry out a comprehensive overhaul of how the country’s public institutions handle digital assets. A series of recent incidents has exposed weaknesses in the government’s custody and oversight of seized cryptocurrencies. Koo stated that he will collaborate with agencies such as the Financial Services Commission and the Financial Supervisory Service to examine the current status and management practices regarding digital assets held and managed by the government and public institutions through measures such as seizure, and will swiftly take steps to strengthen digital asset security and prevent similar incidents from recurring. He emphasized that digital assets held by the government are limited to those obtained through legal enforcement measures such as tax seizures or criminal investigations. (Decrypt)