[South Korean Financial Regulators Fine Upbit Operator 35.2 Billion Won] The Financial Intelligence Unit (FIU) of South Korea's Financial Services Commission has imposed a fine of 35.2 billion won (approximately $24.35 million) on Dunamu, the operator of the virtual asset exchange Upbit. This penalty follows the disciplinary actions taken on February 25 this year, which included a three-month suspension and disciplinary measures against Dunamu executives and employees. The reasons for the penalty include violations of the *Act on Reporting and Using Specified Financial Transaction Information*, involving transactions with unregistered virtual asset operators, failure to fulfill customer due diligence obligations, failure to implement transaction restrictions, and failure to report suspicious transactions. Dunamu has stated that it accepts the decision.