<ul data-eligibleForWebStory="false"><li>South Korea plans to recognize crypto businesses as venture companies, granting them access to tax breaks, state funding, and government-backed loans.</li><li>The Ministry of SMEs and Startups introduced a proposal to reclassify virtual asset firms, aiming to reverse the rule that restricted crypto startups from the country's venture ecosystem.</li><li>The move aligns with President Lee's pro-crypto economic strategy, marking a shift in policy to acknowledge the innovative qualities of crypto companies.</li><li>The proposed legislative change, if enacted, could bring industry legitimacy, attract investors, and foster growth in South Korea's blockchain and crypto sectors.</li></ul>

South Korea’s crypto reform plans offer tax cuts and funding access to companies

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