South Korea’s Ministry of Economy and Finance has described a split in how stablecoin rules would be written: issuance on one statute, cross-border use on another.
On November 11, 2026, at a seminar in Yeouido, Seoul, Son Seon-yeong (손선영; also given as 孙善英), chief of the ministry’s Foreign Exchange Analysis Division, said matters related to stablecoin issuance would be governed by a Digital Asset Act led by the Financial Services Commission. Matters involving cross-border transactions, she said, would be governed by the Foreign Exchange Transactions Act. The seminar was titled “The Stablecoin Era, the Future of Korea’s Cross-Border Payments.”
Yonhap reported the remarks. TechFlow carried that account in an item published at 16:39 (UTC+8) on November 11, 2026.
Son said that, alongside drafting of the Digital Asset Act, the Foreign Exchange Transactions Act would be used to set out the legal nature of stablecoins and the procedures for cross-border transactions and payments. She said the ministry would consult industries on services they are preparing, on specific models, and on market demand, collect those views, and then prepare an institutional plan.
The comments concern a planned division of legal authority. They do not state redemption terms, reserve requirements, or any assurance that a stablecoin is guaranteed, insured, or always redeemable. No reserve figure, attestation, or audit was reported.
Original report: TechFlow
