South Korea’s Democratic Party has introduced a new group dedicated to shaping laws around cryptocurrencies and stablecoins.
The goal is to establish a legal framework that promotes market stability and national financial autonomy.
Maeil Business Newspaper reported that the group, known as the Digital Asset Task Force, has been tasked with presenting legislation before the end of 2025.
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During the launch event at the National Assembly, Han Jung-ae, who leads the party’s policy committee, explained that areas such as token creation, trading, and the role of stablecoins require proper regulation.
She also mentioned the importance of adapting to the rise of digital finance through improved systems and technologies.
Lee Jung-moon, who will lead the task force, said the team is aiming to pass laws during this year’s scheduled sessions. He pointed out that countries around the world are advancing with blockchain and crypto-related policies.
A key part of their plan involves setting up guidelines for a won-linked stablecoin. This would give the country a local alternative to foreign-currency-backed tokens like those tied to the US dollar.
Lee stated that the party wants to develop a digital asset policy that strengthens the role of the Korean won.
The task force will work with several major agencies. These include the Financial Services Commission, the Financial Supervisory Service, and the Bank of Korea.
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