[South Korea Plans to Fine Hacked Exchanges 10% of Losses] South Korea's financial regulatory authority, based on a bill drafted by the Financial Services Commission, plans to impose fines of up to 10% of losses on cryptocurrency exchanges that fall victim to hacking incidents. Currently, the maximum fine is $456,000. If the bill is passed, for example, Upbit, which suffered a $36 million loss in November last year, could face a fine of up to $3.6 million. Additionally, another proposal is considering fines equivalent to 3% of annual revenue. Data shows that between January 2023 and September 2025, Upbit, Bithumb, Coinone, Korbit, and GOPAX collectively experienced 20 security incidents involving customer funds.