Representative Min Byung-deok holds a seminar on 'Digital Asset Basic Act and Capital Reshoring Strategies' with Hankyung Bloomingbit

Representative Min Byung-deok · Hankyung Bloomingbit

'Digital Asset Basic Act Policy Seminar' to be held on August 26

Discussion on key industry issues such as credit provision and KRW stablecoin

Min Byung-deok, a member of the National Assembly from the Democratic Party of Korea, will co-host a seminar titled 'Prevent the Outflow of ₩131 Trillion in National Wealth: Digital Asset Basic Act and Capital Reshoring Strategies within the Institutional System' with Bloomingbit, a digital asset (virtual asset, cryptocurrency) subsidiary of Hankyung Media Group. The event will take place at 10:00 AM on the 26th in the 2nd Small Conference Room at the National Assembly Members' Office Building.

This policy seminar has been organized to discuss key issues in the digital asset industry, such as the 'Digital Asset Basic Act' introduced by Representative Min Byung-deok, credit provision, and the introduction of the KRW stablecoin. In particular, with ₩130.8 trillion worth of digital assets held by domestic corporations and wealthy individuals flowing overseas according to National Tax Service statistics—mainly due to regulatory gaps—the event aims to address this outflow and promote so-called 'reshoring.'

The event begins with congratulatory remarks and a keynote speech by Representative Min Byung-deok. He will speak on the topic, 'The Legislative Purpose and Understanding of the Digital Asset Basic Act: "Stablecoins, Korea's Global G2 Strategy."'

The first keynote presentation will be delivered by Professor Lee Jong-seop of Seoul National University Business School, who will give a talk on 'The Policy Effect of Institutionalizing Credit Provision from the Perspective of Capital Reshoring.' Following the presentation, a panel discussion will take place, chaired by Professor Ryu Hyuk-sun of KAIST, with panelists including Lee Hae-boong (head of Upbit's Investor Protection Center), Lee Joo-hyun (head of Bithumb's Strategic Legal Office), Kim Jae-jin (executive vice president of the Digital Asset Exchange Joint Consultative Body), and Kang Hyun-jung (attorney at Kim & Chang).

The second keynote presentation will be delivered by Jo Jae-woo, head of the Blockchain Research Institute at Hansung University, on 'The Policy Effect of Institutionalizing Stablecoins from the Perspective of Capital Reshoring.' The panel discussion will feature Professor Ryu Hyuk-sun of KAIST (as chair and panelist), Kang Byung-ha (executive director of strategic planning at Meritz Securities), Kim Ho-jin (CEO of ShardLab), and Jo Jin-seok (CEO of Korea Digital Asset).

Representative Min Byung-deok stated, "Korea can no longer hesitate. We must usher in the era of digital KRW, expanding both our economic territory and monetary sphere," and added, "The KRW stablecoin is the key that opens that path and provides Korea with a new opportunity to stand confidently on the world stage."