Rep. Kim Hyun-jung: "Opening the corporate market for digital assets is a key task for Korea’s leap in digital finance"

Rep. Kim Hyun-jung of the Democratic Party of Korea stressed that as the digital-asset market is rapidly being reshaped from retail-led to institution- and corporate-led, expanding corporate participation and building trust infrastructure will be key tasks for the industry’s next stage of development.

In welcoming remarks at the “Academic Conference on Opening the Corporate Market for Digital Assets and Tasks for Building Trust Infrastructure,” held on the 4th at the National Assembly Members’ Office Building in Yeouido, Seoul, Kim said, “The global digital-asset market is quickly shifting from a structure centered on individual investors to one centered on institutions and corporations,” adding that “this change shows that digital assets are taking root as part of the real economic system beyond being merely investment assets.”

He continued, “Opening the corporate market for digital assets and building trust infrastructure are important tasks for Korea to leap forward as a leading country in digital finance,” and said he hopes “today’s discussions will serve as an opportunity to specifically review the institutional and policy tasks needed to open the corporate market.”

Kim particularly underscored the need to overhaul制度 frameworks in line with the expansion of the corporate market. “As corporate participation increases, we must upgrade policy and supervisory frameworks to secure market stability and predictability,” he said, explaining that “building custody infrastructure to safely protect corporate assets will also be a core element of market trust.”

He also emphasized the importance of accounting transparency and stronger internal controls. “For corporations to participate in digital assets, we need to refine financial reporting standards and internal control systems to establish a sound market order,” Kim said.

He added, “The National Assembly will also listen closely to experts’ views and do its utmost to pursue responsible legislation and institutional improvements so that companies can lead digital innovation in a safe and transparent environment.”