The ruling party of South Korea plans to pass the "Digital Asset Basic Law" in January 2026.

According to Mars Finance news, market sources report that South Korean lawmakers plan to fully pass the “Basic Law on Digital Assets” by January 2026. The bill will establish a “Korean-style stablecoin” with a consortium structure, where banks hold at least 51% of the shares, while technology companies can participate as minority shareholders. Democratic Party representative Kang Jun-hyeon has set the deadline for submitting the government proposal to December 10. The lawmaker warned that if the finance department fails to complete the proposal on time, lawmakers will present an independent version.