South Korea's Digital Asset Framework Act Faces Potential Suspension This Year as Parliament Working Group Stalls

According to reports on June 24, South Korea's Digital Asset Framework Act faces potential suspension this year as the parliament's digital assets working group has stalled amid recent leadership changes. Although the working group completed integration of eight related bills, the relevant standing committee remains unestablished, and the government has not yet submitted its own legislative version.

Some market observers attribute the delay to South Korea's recent stock market surge, with the KOSPI index breaking through the 9,000-point level. They suggest financial authorities may be deliberately slowing the legislative process to prevent capital from flowing toward digital asset markets while the government focuses on bolstering stock valuations.