South Korea aims to complete digital asset legislation this year, and the ruling Democratic Party is pushing to submit a government-party package in September. A senior Financial Services Commission official said stablecoin legislation will be wrapped up quickly and will cover definitions, market rules and user protection. Key sticking points include who can issue won-based stablecoins, licensing and reserve management, AML rules, and limits on major shareholders of exchanges. The party plans to rebuild its task force after August leadership appointments.

South Korea\'s Financial Services Commission is accelerating detailed rule design for tokenised securities ahead of the制度\'s rollout. It held a second public-private meeting on May 15 to discuss frameworks for issuance, distribution and infrastructure, and reviewed issues tied to planned July revisions to subordinate regulations and guidelines. The group discussed eligibility of underlying assets, possible permission for bundled assets in limited cases, and preparations for broader tokenisation. It also debated OTC exchange licensing, dual-business scope and trading limits.