[South Korea's Ruling Party Plans to Pass the 'Basic Act on Digital Assets' by January Next Year] According to Foresight News, citing Cryptopolitan, South Korean lawmakers plan to fully pass the 'Basic Act on Digital Assets' by January 2026. The bill will establish a 'Korean-style stablecoin' using a consortium structure, where banks will hold at least 51% of the equity, and tech companies can participate as minority shareholders. Democratic Party representative Kang Jun-hyeon has set the government's proposal submission deadline for December 10. The lawmaker warned that if the financial authorities fail to complete the proposal on time, lawmakers will introduce an independent version.