South Korean regulators are considering caps on ownership of crypto exchanges as major conglomerates such as Naver and Mirae Asset move deeper into the digital asset sector. The discussions reflect growing concern over conflicts of interest, market concentration, and consumer protection as traditional finance and tech firms seek stakes in exchanges. Officials are weighing whether existing rules are sufficient or if new limits are needed to safeguard market fairness, while balancing innovation and institutional participation in the country’s fast-growing crypto industry.