South Korean lawmakers are pushing financial regulators for an expedited draft of a stablecoin bill before a December 10th deadline, as internal disagreements over the extent of bank control continue to stall progress. According to the Maeil Business Newspaper, the ruling party sent a last-minute notice urging the government to produce the draft by the deadline. Kang Joon-hyun, a Democratic Party member, warned that if the draft is not submitted on time, they will utilize the political affairs committee for legislative action. He further predicts discussion could commence at an upcoming extraordinary National Assembly session in January 2026. However, the Financial Services Commission (FSC) acknowledged that stablecoin rule discussions took place during a consultation with the ruling party last Monday but emphasized work remains ongoing. It stated no final decision has been made regarding the formation of a consortium for issuing a KRW-denominated stablecoin. While both sides aim to finalize the draft quickly, investor anticipation is high for clarity on the structure of the proposed regulatory framework.