Woofun AI reports that the South Korean government convened its first state-led stablecoin forum, hosted by Deputy Prime Minister for the Economy, Yoo Myung-hee. The event focused on advancing the "Digital Asset Basic Law" and establishing a regulatory framework for stablecoins.

Participants from the Financial Services Commission, the ruling party, and industry sectors discussed AI Agent payments, a Korean Won stablecoin, and Anti-Money Laundering regulations. The ruling party aims to propose a unified bill in September, targeting final legislation within the current year.