Techub News reports that, according to The Korea Herald, a legislator from South Korea's ruling party has proposed amendments to the Capital Markets Act and the Virtual Asset User Protection Act, mandating that opinion leaders (KOLs) who provide investment advice on cryptocurrencies and other assets disclose their personal asset information and any compensation received for promoting cryptocurrencies. The proposal requires influencers to disclose the types and amounts of assets related to their recommended crypto assets and financial products, with specific details to be specified by presidential decree. Violators will face penalties consistent with existing violations of the capital markets regulations (such as price manipulation and front-running). This proposal addresses issues such as the spread of misleading information, self-trading, and conflicts of interest by influencers on unregulated social media platforms, aiming to enhance investor transparency and protect their interests.