Exchanges have to set up partnerships with banks for real-name verification by Sept. 24.
The launch comes only weeks after Solana drew $60 million in funding for projects in Brazil, Russia, India and Ukraine.
Bank of Korea Governor Lee Ju-yeol says once central bank digital currencies (CBDC) are introduced, the demand for cryptocurrencies like bitcoin fall.
Cryptocurrency exchange Binance said a new South Korean law going into effect early next year was another factor.
The Bank of Korea has set up a legal panel to advise on possible regulatory sticking points for a future CBDC issuance.
Blockchain analytics provider Coinfirm will help Binance Korea better comply with anti-money laundering rules.