Woofun AI reports that the Democratic Party of Korea intends to reactivate the Digital Asset Task Force following its August leadership reshuffle. The party plans to introduce the "Digital Asset Basic Act" in September, targeting legislative completion within the current year.

Lawmaker Park Min-gyu stated that bill details and timelines will be coordinated with the National Assembly, Presidential Office, and relevant agencies, with discussions potentially beginning in early September. The legislation aims to clarify stablecoin issuers and enhance market structure, security, and regulatory frameworks.

Additionally, lawmaker Min Byung-deok proposed developing a Korean won stablecoin as a payment tool to support overseas expansion of culture, commerce, tourism, and manufacturing sectors.