Online reports, according to the Electronic Times, the Korea Financial Supervisory Authority (FSS) has required crypto exchanges to pay a total of 7.9 billion won (approximately US$5.54 million) in annual supervision fees. The fee is set at 0.6%, higher than the original forecast of 0.4%. These fees must be paid quarterly before the end of March, May, July and October each year. Except for Kbit, which has operating income of less than 3 billion won, or approximately US$2.08 million, the fee allocation is as follows: Upbit operator Dunamu will pay 6.7 billion won (approximately US$4.64 million);Bithumb will pay 900 million won (approximately US$624,000);Coinone will pay 150 million won (approximately US$104,000);Gopax will pay approximately 21.35 million won (approximately US$14,800). The total fees on the four major exchanges are approximately 7.9 billion won (approximately US$5.54 million).