On November 12, attorney Han Seo-hee highlighted structural gaps in South Korea's won stablecoin framework during a National Assembly seminar on trusted infrastructure and ecosystem development. Han pointed out that while current legislative proposals focus heavily on stablecoin issuance requirements—including issuer licensing, 100% reserve backing, and redemption rights—critical distribution infrastructure remains underdeveloped.

A key concern is cross-border trade settlement. Han noted that if overseas buyers remit stablecoins as payment to domestic exporters, South Korean firms may struggle to receive or convert the funds to won due to restrictions on corporate exchange accounts and unclear banking treatment of stablecoins. Meanwhile, the U.S. is advancing regulation faster; the GENIUS Act takes effect January 18, 2027, establishing federal oversight of dollar stablecoins. Han urged South Korea to establish payment processor roles, corporate account access, and regulatory clarity on stablecoin treatment under electronic finance law to avoid falling behind.

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