South Korea is set to open formal discussions on the second phase of its Digital Asset Basic Act, with stablecoin regulation at the center of the agenda, according to Edaily as cited by ChainCatcher. The forum will be chaired by Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok. It will mark the first stablecoin legislation forum to be hosted and organized by the government.
The South Korean government and the ruling Democratic Party plan to push the bill through within this year. The move follows the country’s 2026 economic growth strategy, released on July 14, in which authorities said they would advance Digital Asset Basic Act legislation in the second half of the year. Officials also said the plan includes segmenting the digital asset industry, building a regulatory framework for business conduct, and laying the legal groundwork to standardize oversight of stablecoins.
South Korea will hold a forum to formally begin legislative discussions on the second phase of its Digital Asset Basic Act, with stablecoin regulation as a key focus, according to Edaily.
The forum will be chaired by Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok. It is also described as the first stablecoin legislation forum to be hosted and organized by the government.
Government targets passage this year
The South Korean government and the ruling Democratic Party plan to push the bill through within this year.
In its 2026 economic growth strategy released on July 14, authorities said they plan to move forward with legislation for the Digital Asset Basic Act in the second half of the year, divide the digital asset industry into more detailed segments, establish a regulatory framework for business conduct, and lay the legal basis for standardized stablecoin oversight.
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