Woofun AI reports that Bank of Korea Governor Kim Dong-yoon stated at a National Assembly Finance Committee plenary session that South Korea must introduce won-based stablecoin systems immediately. He emphasized that bank-led consortia should initially issue these assets, supported by statutory policy bodies to mitigate risks, while fostering competition with deposit tokens.

Kim also advocated for accelerating the legislative process for the Digital Asset Basic Act. Yoo Dong-soo, chairman of the National Assembly’s Policy Committee, echoed this urgency, requesting the Finance Committee to promptly submit a government proposal to advance the legislation.