Min Byung-duk to Host Korean Won Stablecoin Forum at the National Assembly on the 18th

A forum will be held on the introduction of a Korean won-based stablecoin. Financial authorities, the Bank of Korea, commercial banks, and major big tech and fintech companies will gather in one place to discuss implementation measures.

On the 17th, Min Byung-duk of the Democratic Party of Korea announced that a forum titled 'Launch Imminent! Korean Won Stablecoin: The Dawn of the Digital Won Era' would be held at 2:00 p.m. on the 18th in Meeting Room 1 of the National Assembly Members' Office Building. This forum is expected to serve as a venue for frank opinion exchanges between industry and regulators.

In the private sector, major digital payment companies such as Naver Pay, Kakao Pay, and Toss (Viva Republica), as well as KB Bank and Woori Bank, will participate. The Financial Services Commission and the Bank of Korea will also attend to discuss institutionalization and policy measures.

Yoon Min-seop, an adjunct professor at Soongsil University, will give a presentation on the legal challenges of issuing and distributing stablecoins, and Kang Hyung-gu, a professor at Hanyang University, will speak on the Bank of Korea's role and the economic impact. Professor Kang previously analyzed that the introduction of a Korean won stablecoin could save domestic conglomerates such as Samsung Electronics and Hyundai Motor Company billions of won in costs.

The panel discussion will be moderated by Ryu Hyuk-seon, a professor at KAIST, who is highly regarded as an expert with extensive experience in both digital assets and traditional finance.

Min Byung-duk emphasized, "The time for debating whether to introduce a Korean won stablecoin has already passed," adding, "This forum was organized to maximize economic benefits and explore practical implementation measures."