South Korea plans to strengthen network security through legislation and confiscate cryptocurrencies stolen by North Korean hackers.

According to BlockBeats news on September 5th, citing multiple government sources, Korean officials have spent the past 10 months studying legislation aimed at tracking and freezing cryptocurrency and other virtual assets stolen by North Korean hackers. Several officials said that under the orders of President Moon Jae-in, the legislation has completed one round of revisions and included "practical measures to strengthen national security." According to the South Korean National Intelligence Service, North Korea launches about 650,000 hacking attacks in South Korea every day. In addition to the plan to monitor and confiscate North Korean cryptocurrencies, the new Korean law will also include the establishment of a national cybersecurity committee directly controlled by the president. An official who declined to be named said that this would be able to "prohibit the manufacture, import and sale of products that interfere with network security."