South Korea’s legislative initiative paves the way for a significant boost in its digital economy strategy. Driven by Min Byeong-deok, chairman of the ruling Democratic Party, the bill seeks to establish South Korea as a global leader in the digital asset space. This legislation aims to foster local stablecoin adoption and provide much-needed regulatory clarity, positioning South Korea at the forefront of the global digital economy. The bill proposes a rigorous licensing regime for stablecoin issuers, requiring them to maintain capital reserves of at least 500 million Korean Won (~$367,890 USD), which is expected to incentivize local projects and contribute to increased investor confidence.