South Korea's Finance Minister, Koo Yun-cheol, has pledged sweeping reforms to how government agencies handle digital assets following a series of high-profile failures that exposed weaknesses in state custody and oversight of seized crypto. The government will review the current management practices of digital assets across public institutions and implement measures to prevent future incidents. This follows a report that police in Seoul’s Gangnam district lost access to 22 BTC, worth $1.4 million, after allowing a third-party firm to manage the seized crypto and failing to retain the private keys.