South Korea Promotes Stablecoins in Won to Revitalize KOSDAQ

2026-01-30 07:16:40

Abstract generation in progress

The Democratic Party of South Korea has introduced a strategic initiative aimed at President Lee Jae-myung to transform the local stock market. The core proposal advocates for integrating digital assets and stablecoins denominated in won as a lever to raise the KOSDAQ index to the 3,000-point barrier, an ambitious goal to energize the national financial ecosystem.

Digital Assets: A Solution for Startups

According to information reported by NS3.AI, the specific strategy envisions startups and companies listed on KOSDAQ adopting security tokens and stablecoins denominated in Korean won. This measure aims to catalyze greater activity in the secondary market and strengthen the competitive position of KOSDAQ in the regional financial landscape. The use of stablecoins in local currency would eliminate conversion barriers typically faced by investors when working with won to dollars, simplifying transactions and reducing operational costs for emerging companies.

The Crucial Role of Decentralization in Stablecoins

A key aspect of the proposal emphasizes that the development of stablecoins should not be predominantly concentrated in the hands of traditional banking institutions. The committee highlights the importance of diversifying actors in the issuance of these digital instruments, allowing tech startups and specialized platforms to participate in creating solutions in won. This decentralization aims to foster innovation and prevent a single sector from controlling the infrastructure of Korean digital assets, democratizing access to modern financing tools for companies of all sizes.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.