Korbit Takes a Proactive Stance: Empowering Executives and Employees with Comprehensive Compliance Training
Photo: Korbit
Korbit Enhances Regulatory Compliance with Employee Training
Virtual asset exchange Korbit has taken a significant step towards enhancing its regulatory compliance capabilities by conducting practical training for all employees. The training, which was announced on September 5, aimed to improve employees’ understanding of virtual asset-related laws and regulations.
The training is part of Korbit’s educational plan to ensure compliance with key regulations, including the Virtual Asset User Protection Act, which was enacted on July 19. The Act emphasizes the importance of protecting user assets and regulating unfair trading practices.
The comprehensive training program covered various topics, including:
- Virtual asset regulatory laws and legislative background
- Key points of the Virtual Asset User Protection Act
- Regulation of unfair trading practices
- Supervision and disciplinary measures
- Strengthening internal compliance control
The training was conducted by Shin Sang-hoon, a specialist from Kim & Chang law firm. Shin has extensive experience in handling investigations of unfair securities trading and has worked in various departments, including the Special Investigation Bureau and the Sanctions Review Bureau. He is currently serving as an advisory committee member for the Digital Asset Exchange Joint Consultative Body (DAXA), providing advice on regulations, including the Virtual Asset User Protection Act.
Korbit also provided two in-person training sessions last month for employees who were unable to attend the initial training. This demonstrates the company’s commitment to ensuring that all employees are equipped with the necessary knowledge and skills to maintain regulatory compliance.