#SouthKoreaCryptoPolicy

South Korea’s Ruling Party to Launch Digital Asset Committee

BitcoinWorld

South Korea is stepping up its crypto game. The ruling Democratic Party of Korea (DPK) is set to launch a formal Digital Asset Committee, signaling a major push toward comprehensive crypto regulation and integration into national economic policy.

Currently part of the DPK’s election campaign body, the committee will become a permanent structure following the upcoming party conference. Its mission: shape party policy on cryptocurrencies, propose new legislation, consult stakeholders, and balance innovation with investor protection.

This move aligns with President Lee Jae-myung’s pro-crypto stance and campaign promises. A parallel committee is also planned under the president’s office, creating a coordinated, government-wide framework—outlined in the draft Digital Asset Basic Act.

What This Means for Korea’s Crypto Market:

Opportunities:

Greater regulatory clarity

Stronger investor protections

Boost in institutional confidence

Challenges:

Stricter compliance for businesses

Uncertainty over policy impacts on different asset types

The establishment of these committees marks a new era for digital assets in South Korea—one that aims to provide stability, encourage innovation, and put the country at the forefront of crypto regulation in Asia.