The Bank of Korea (BOK) is stepping up its engagement with the digital asset space by establishing a dedicated 'Virtual Asset Team'. This new team, operating within the Financial Payments Department, will focus on addressing the evolving regulatory landscape, particularly discussions surrounding won-based stablecoin legislation. In a related move, the BOK will rename its Digital Currency Research Office to the Digital Currency Office, signaling a broadened scope and increased focus on digital currencies. According to a BOK official, the Virtual Asset Team will facilitate collaboration with the government and National Assembly during the legislative process for stablecoins and other virtual assets. This proactive approach highlights South Korea's commitment to shaping the future of digital finance. ```