Lee Eon-ju Urges Swift Completion of STO, KRW Stablecoin, and ETF Institutionalization

Minseung Kang

Summary

Lee Eon-ju, a top member of the Democratic Party of Korea, urged the completion of digital asset-related systems such as STO, KRW Stablecoin, and ETF.
Lee emphasized the need for institutional completion and market activation for the growth of the digital asset market.
She pointed out that a regulation-centered approach has led to market contraction and investor migration overseas.

Lee Eon-ju, a top member of the Democratic Party of Korea, urged the swift completion of key digital asset-related systems such as Security Token Offering (STO), KRW-based stablecoin, and cryptocurrency Exchange-Traded Fund (ETF).

According to industry sources on the 9th, Lee made these remarks at the 'National Strategy for Becoming a Digital Finance Powerhouse' seminar held at the Korea Exchange in Busan this morning, stating, "The digital asset market is in a growth phase with numerous opportunities available," and emphasized, "We must complete the institutional framework and activate the market before it's too late."

The seminar, co-hosted by the Democratic Party's Future Economic Growth Strategy Committee and the Democratic Research Institute, focused on discussing the direction of institutional arrangements and policy tasks for the digital finance industry.

In her opening speech, Lee noted, "The Future Economic Growth Strategy Committee has been contemplating ways to activate the digital asset market since last year," but pointed out, "However, a regulation-centered approach has rather shrunk the market and led to capital outflow as investors moved overseas."