Kim Hyun-jung, a member of the Democratic Party of Korea's Digital Assets Task Force, stated that they plan to submit a basic law on stablecoins and digital assets (the second phase of legislation) after the June local elections, and simultaneously advance the bill's subcommittee review. He pointed out that disagreements remain on issues such as restrictions on major shareholders' holdings in exchanges, requiring further discussion. He also believes that given the positive attitude of Bank of Korea Governor Shin Hyun-song towards stablecoins, the legislation is likely to be passed. Furthermore, the task force is considering meeting with him after the elections to advance the design of a CBDC and a Korean won stablecoin system. (Edaily)