Is NFT legal in South Korea?

In South Korea, the legality of NFTs has been a subject of debate. Initially, NFTs were excluded from digital asset regulations due to their "primarily collectible" nature. However, with the rising popularity and speculation around NFTs, there have been discussions to include them under the virtual asset regulatory framework. The Financial Services Commission and other regulatory bodies in South Korea are considering classifying NFTs as digital assets, which would subject them to corresponding regulations and licensing requirements.