According to Democratic Party lawmaker Kim Hyun-jung, speaking at a Nov. 12 seminar on won-denominated stablecoins in Seoul, South Korea's Digital Asset Basic Law is expected to be enacted soon, though delays in government position coordination have slowed legislative discussions. Kim noted the law's passage was crucial for stablecoin regulation and user protection. She also highlighted that regulatory delays risk pushing domestic demand to overseas stablecoins, as the government previously granted a two-year digital asset tax exemption partly due to the pending legislation.

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