South Korean Presidential Candidate Lee Jae-myung: Proposes Issuing a Korean Won Stablecoin

Democratic presidential candidate Lee Jae-myung proposed the introduction of a stablecoin pegged to the Korean won. However, there is currently no clear answer on whether a license is required for stablecoins or if registration alone suffices. Even the question of who will regulate it—whether the Bank of Korea or the Financial Services Commission—remains unresolved.