Bank of Korea Deputy Governor Yoon Suk Heun: Hope to gradually introduce stablecoins.

The Deputy Governor of the Bank of Korea, Yoo Sang-dae, expressed his hope to gradually introduce stablecoins. "It is best to first allow regulated banks to issue stablecoins, and after accumulating experience, gradually expand to the non-banking sector." The ruling Democratic Party of South Korea, led by President Lee Jae-myung, proposed the "Digital Asset Basic Act," which opens a legal channel for the issuance of stablecoins in South Korea. This law allows South Korean companies with a capital of 500 million Korean won or more to issue stablecoins, provided they have a redemption mechanism guaranteed by reserves.