It is drafting its Cryptocurrency Trading Clause Bill. Earlier on January 11, the Ministry of Justice of South Korea reaffirmed it again and this week several mainstream media has reported outlets and it has been in these works since December 13. It can also be taken into effect. This is certainly not the case because the South Korean government is planning to ban the Cryptocurrency Trading, because the bill will need to pass Congress first.
Source - https://www.ccn.com/south-korean-ministry-of-finance-does-not-support-cryptocurrency-trading-ban/