[South Korea Plans to Pass the 'Basic Act on Digital Assets' by January 2026] South Korean lawmakers plan to fully pass the 'Basic Act on Digital Assets' by January 2026. The bill proposes the introduction of a 'Korean-style stablecoin,' designed with a consortium structure where banks must hold at least 51% of the equity, while tech companies can participate as minority shareholders. Democratic Party representative Kang Jun-hyeon has set December 10 as the deadline for the government to submit its proposal and warned that if the finance department fails to complete the proposal on time, lawmakers will introduce an independent version of the bill.