Japanese envoy touts bilateral ties, experts discuss blockchain at Global Business Forum

What happened: Experts at the Herald Global Business Forum said Korea needs legal groundwork before stablecoins and tokenized securities go mainstream, including a digital asset law making stablecoin payments legally valid and a won-pegged stablecoin. Why it matters: Speakers said a won stablecoin is needed for the domestic market to develop on-chain, and that wallet ownership checks and outdated foreign exchange rules remain barriers to mainstream use.

Experts at the Herald Global Business Forum said Korea needs legal groundwork before stablecoins and tokenized securities go mainstream, including a digital asset law making stablecoin payments legally valid and a won-pegged stablecoin.

Speakers said a won stablecoin is needed for the domestic market to develop on-chain, and that wallet ownership checks and outdated foreign exchange rules remain barriers to mainstream use.