[South Korean Regulators Consider Allowing Tech Giants to Issue Stablecoins] On November 20, it was reported that the South Korean Financial Services Commission (FSC) is considering allowing non-financial industry companies to issue stablecoins. Some industry insiders have expressed concerns, believing that the entry of technologically advanced large fintech companies into the stablecoin market could weaken the competitiveness of banks, leading to technology-driven competition between banks and tech giants. South Korean President Lee Jae-myung had promised to open the stablecoin market to domestic participants before his election in June, but opposition from the Bank of Korea to granting issuance rights to non-financial companies has hindered the progress of this commitment.