[South Korea's Ministry of Finance: Stablecoin Cross-Border Payments to be Regulated by the Foreign Exchange Transaction Act] According to Yonhap News Agency, Son Seon-young, head of the Foreign Exchange Analysis Division of the Ministry of Strategy and Finance, stated at a seminar titled "The Future of Cross-Border Payments in South Korea in the Stablecoin Era" held in Yeouido, Seoul on the 11th that matters related to the issuance of stablecoins will be regulated by the Digital Assets Act, led by the Financial Services Commission, while cross-border transactions will be regulated by the Foreign Exchange Transaction Act. She stated that in the future, in conjunction with the formulation of the Digital Assets Act, the legal nature of stablecoins, cross-border transactions, and payment procedures will be defined through the Foreign Exchange Transaction Act. Furthermore, she will fully communicate with various industries regarding their prepared services, specific models, and market demands, and gather opinions to prepare a systematized plan.