Overview
July 2026 multi-agency roadmap and legislative push pairing won FX liberalization with a legal framework for won-backed stablecoins under the Digital Asset Basic Act (Framework Act on Digital Assets).
Pillars
- Legal rules for won-denominated stablecoin issuance/circulation
- Bank-led consortium preference (BoK stance; still contested)
- CBDC–tokenized government bond pilots; BIS Project Agora participation (as reported)
- Offshore won settlement network; higher capital-transaction reporting thresholds; long-term shift to post-reporting
Legislative Status
Roadmap ≠ enacted law. Party-government talks resumed Jul 20; target H2 2026 / September bill introduction per ruling-party signals. Competitive pressure from US genius-act (Jan 2027).