[South Korea's Basic Law on Digital Assets Expected to be Finalized in Early January Next Year; Proposal to Establish a Presidential Digital Asset Committee] According to Odaily Planet Daily, Min Byung-deok, a member of South Korea's Democratic Party of Korea, stated that South Korea's Basic Law on Digital Assets is expected to be finalized in early January next year, with efforts underway to complete legislation. This aims to establish a domestic regulatory framework for digital assets before the US stablecoin system is expected to officially take effect on January 18th next year. Min Byung-deok pointed out that the core issues of the bill are expected to be discussed intensively as early as next week, and the active participation of industry and experts is needed in the next two months. Regarding the issuers of Korean won stablecoins, he opposes using a 50% plus 1 shareholding requirement for banks as an entry condition for issuance, advocating a regulatory model centered on actual behavior and security requirements. This means that issuers must meet requirements such as 100% reserve assets, immediate redemption, anti-money laundering (AML), and customer due diligence (KYC). Furthermore, he proposes further postponing the taxation of digital assets by two years to 2029, allowing investment losses to be carried forward and deducted from income for the next three years, and establishing a presidential digital asset committee to coordinate digital asset industry policy. (EToday)