The Korean government plans to move forward with the Digital Assets Basic Law in the second half of this year

ON 14 JULY, ACCORDING TO THE SEOUL ECONOMIC JOURNAL, THE KOREAN GOVERNMENT ANNOUNCED IN ITS ECONOMIC GROWTH STRATEGY FOR THE SECOND HALF OF 2026, WHICH WAS RELEASED TODAY, THAT IT WOULD MOVE FORWARD WITH LEGISLATION ON THE DIGITAL ASSETS BASIC LAW IN THE SECOND HALF OF THE YEAR TO STRENGTHEN THE BLOCK CHAIN ECONOMY. THE BILL WILL BREAK DOWN THE DIGITAL ASSET INDUSTRY, ESTABLISH A REGULATORY SYSTEM FOR BUSINESS CONDUCT AND PROVIDE A LEGAL BASIS FOR THE INSTITUTIONALIZATION OF A STABLE CURRENCY. IN ADDITION, IN ITS ECONOMIC DEVELOPMENT STRATEGY FOR THE SECOND HALF OF THE YEAR, THE KOREAN GOVERNMENT HAS PROPOSED SUPPORT FOR THE REVISION OF THE CAPITAL MARKET ACT TO INTRODUCE SPOT ETFS FOR DIGITAL ASSETS SUCH AS BITCOIN; A STUDY ON THE INTEROPERABILITY OF THE CBDC INFRASTRUCTURE WITH OTHER BLOCK CHAINS; AND PLANS TO DEVELOP THE BASIC LAW ON NATIONAL ASSETS TO INCLUDE VIRTUAL ASSETS IN THE CONTEXT OF NATIONAL ASSET MANAGEMENT。