Samjong KPMG-Xangle, Hold 'Virtual Asset Seminar'

Samjong KPMG announced on the 27th that it will hold a ‘Virtual Asset Seminar’ for domestic companies on the 5th of next month at Dreamplus Gangnam in Seocho-gu, together with Zangle, a provider of on-chain data-based infrastructure and solutions.

Recently, the daily trading volume of virtual assets in Korea has exceeded 10 trillion won, indicating a movement toward market activation of virtual assets. Related market systems, such as the Act on the Protection of Virtual Asset Users and the Virtual Asset Supervision Guidelines, are also being reorganized.

In response, Samjong KPMG and Zangle are preparing a session to discuss corporate response strategies regarding accounting, disclosure, and internal control in preparation for the ‘Virtual Asset Supervision Guidelines’ scheduled to be announced by financial authorities at the end of December this year.

The first session will feature Kim Jun-woo, Co-CEO of Zangle, presenting the outlook for the virtual asset market in 2024. Lawyer Park Jong-baek from the law firm Bae, Kim & Lee will present trends in virtual asset regulations. Regarding the practical application of virtual asset accounting supervision guidelines in accounting, disclosure, and internal control environments, Samjong KPMG’s Executive Director Choi Yeon-taek will provide insights.

Following this, Zangle Co-CEO Lee Hyun-woo will explain the importance of virtual asset circulation information and disclosure, and Samjong KPMG Executive Director Choi Yeon-taek will guide recent issues and implications related to virtual assets. Samjong KPMG Executive Director Kim Byung-guk will discuss major tax issues related to virtual assets.

Park Seong-bae, Leader (Vice President) of Samjong KPMG’s Virtual Asset Business Support Team, stated, “Institutional changes surrounding the virtual asset environment, such as mandatory financial statement note disclosures and information protection obligations for virtual asset issuance and holding, are anticipated,” adding, “With these directions in virtual asset supervision expected to enhance accounting information transparency and investor protection, we hope this seminar will contribute to fostering a healthy virtual asset market.”

Zangle Co-CEO Lee Hyun-woo said, “If a regulatory environment is established and clear guidelines are issued for the steadily growing virtual asset market amid various issues, the virtual asset ecosystem will become more transparent and healthy,” adding, “In particular, we hope this seminar will not only improve industry soundness but also provide practical help to Web3 project practitioners.”

Meanwhile, Samjong KPMG’s Virtual Asset Business Support Team is composed of top experts in operation and management systems, accounting and control, taxation, and IT, centered around Vice President Park Seong-bae and Executive Director Choi Yeon-taek. Based on diverse work experience and accumulated know-how, the team provides high-quality services grounded in trust to virtual asset market participants and offers effective advice through close communication with relevant authorities.

Zangle operates the ‘Zangle Portal,’ a virtual asset data platform that provides professional Web3 industry reports and on-chain data analysis. Its core product is the Web3 Enterprise Resource Planning (ERP) solution “Zangle ERP,” which enables accounting treatment, token engineering, and blockchain project performance analysis tailored to corporate needs and recent regulatory environments. The beta test version was released on the 18th for pre-registered companies, and after professional discussions based on user feedback, the official launch is scheduled for the first half of next year.

This content was produced with the assistance of AI translation services.