The Democratic Party of Korea plans to introduce a stablecoin bill after the June election.

CoinFeed reported on April 22 that, according to Edaily, Kim Hyun-jung, a member of the Democratic Party's Digital Assets Special Task Force, stated that a basic law on stablecoins related to digital assets (the second phase of legislation) will be submitted after the local elections in June, and a subcommittee on the bill will also be convened at that time. Kim pointed out that controversies such as restrictions on shareholdings by major shareholders of exchanges have not been fully resolved and still require further discussion. However, given the positive attitude of the newly appointed Bank of Korea Governor Shin Hyun-song towards stablecoins, he believes that stablecoin legislation will ultimately be passed. The Democratic Party's Digital Assets Special Task Force is considering meeting with Shin Hyun-song after the local elections. Kim also emphasized the need to improve the relevant systems for CBDCs and Korean won stablecoins in advance, ensure the consistency of the tax system with international regulations, and effectively strengthen the infrastructure for combating digital asset crimes.