South Korea is considering a Digital Asset Basic Act that would generally cap major shareholders of virtual asset exchanges at 20% or less, while allowing stakes of up to 34% under certain conditions. The National Assembly Research Service said the proposal should be assessed alongside Fair Trade Act ownership requirements for holding companies, which require stakes of at least 50% in unlisted subsidiaries, 30% in listed subsidiaries and 20% in subsidiaries under venture holding companies. The service said the frameworks could formally conflict, although their different policy goals and targets mean they would not necessarily clash in every case. The Fair Trade Commission similarly distinguishes between holding-company rules designed to support accountable governance and exchange caps intended to promote market fairness through dispersed ownership. The issue could arise in the proposed business combination between Naver Financial and Dunamu if Naver Financial later qualifies as a holding company. The research service urged lawmakers to balance user protection and market fairness with industry competitiveness, investment incentives, corporate governance and existing regulations.