Internet reports, ChosunBiz reports that the Korea Banking Federation plans to propose to the new government to allow banks to enter the virtual asset industry. According to the content of the draft, banks hope to provide trust services mainly based on digital asset management and custody. However, the current Financial Services Law does not include virtual assets in the scope of banking business, which restricts the development of related businesses. In addition, the banking industry has also proposed allowing access to non-financial sectors to deal with the competitive pressure caused by large technology companies by integrating financial and non-financial services, and has called for existing regulatory fairness issues to be addressed. For investment management business, banks suggest referring to the American model, allowing investment trust management, and expanding the scope of trust property to meet the asset management needs brought about by the aging population. The draft also proposes that the reasons for sanctions against financial institutions and their executives in the Banking Law should be specified to improve the transparency and predictability of the system.