[Yonhap News] “KRW-Based Stablecoins Should Be Regulated Like Electronic Currency”

On April 28, 2025, Yonhap News featured the “2025 Digital Asset Policy Report,” which included expert insights from Attorney Jongsoo (Jay) Yoon of Lee & Ko, who serves as an advisor to the Digital Asset Exchange Alliance (DAXA). In the report, Attorney Yoon asserted that KRW-based stablecoins should be subject to the same level of regulation as electronic currency under the Electronic Financial Transactions Act. He emphasized that the regulations of stablecoins should balance fostering innovation with risk mitigation and stated that a regulatory framework aligned with existing electronic payment methods is essential to prevent regulatory arbitrage.