South Korea's ruling Democratic Party has finalized the "Digital Asset Basic Law," setting a minimum capital requirement for stablecoin issuers at 5 billion won (approximately US$3.5 million). The bill, aimed at regulating the virtual asset market, is expected to be submitted before the Korean Lunar New Year holiday. While the capital requirement is established, further discussions are needed to finalize the scope of the Bank of Korea's authority and restrictions on major shareholder holdings.