The demand for Korean Won (KRW)-based stablecoins is growing, according to Min Byung-duk, a member of South Korea's National Assembly. Mr. Min, who recently proposed the 'Digital Asset Basic Act,' believes that despite the KRW not being a major global currency, a real need exists for its digital representation. He highlights the increasing global reach of Korean content, games, and e-commerce as a primary driver. A KRW-pegged stablecoin would facilitate easier and more efficient payments for foreigners using Korean services and for overseas merchants. This initiative aims to streamline digital finance transactions and support the expanding Korean digital economy. While regulatory hurdles remain, the potential for KRW stablecoins to enhance accessibility and lower transaction costs within the Korean digital ecosystem is significant. The proposed 'Digital Asset Basic Act' could pave the way for the development and adoption of these digital assets. ```