At a November 11, 2026 seminar in Seoul on the future of South Korea’s cross-border payments, finance ministry official Son Seon-yeong (손선영) outlined how stablecoin activities could be governed under two laws, according to Yonhap News Agency.
Son said stablecoin issuance would be addressed under a proposed Digital Assets Act led by the Financial Services Commission, while cross-border transactions would be governed by the Foreign Exchange Transactions Act. As the Digital Assets Act is developed, the government plans to use the foreign-exchange law to define stablecoins’ legal status and procedures for cross-border transactions and payments, she said. Officials would also seek industry input on planned services, operating models and market needs before preparing a framework. These were plans described by the official, not enacted rules.
Original report: November 11, 2026, 16:39 (UTC+8). Source: TechFlow, citing Yonhap News Agency.