[South Korea's Democratic Party Plans to Propose Stablecoin Legislation After June Elections] According to Edaily, Kim Hyun-jung, a member of the South Korean Democratic Party's Digital Asset Special Task Force, stated that a basic law on digital assets related to stablecoins (second-phase legislation) will be submitted after the June local elections, and the bill's subcommittee will convene at that time. Kim Hyun-jung pointed out that controversies such as restrictions on major shareholders' holdings in exchanges have not been fully resolved and require further discussion. However, given the positive stance of the newly appointed Bank of Korea Governor Rhee Chang-yong on stablecoins, he believes stablecoin legislation will ultimately be passed. The Democratic Party's Digital Asset Special Task Force is considering meeting with Rhee Chang-yong after the local elections. Kim Hyun-jung also emphasized the need to improve systems related to CBDCs and Korean won stablecoins in advance, ensure consistency between tax systems and international regulations, and effectively strengthen infrastructure to combat digital asset-related crimes.