South Korean presidential candidate Lee pushes plan for national digital asset exchange

The Democratic Party of Korea (DPK) is reportedly working to establish a national digital asset exchange, according to an exclusive report by Seoul Economic Daily. The exchange would likely be operated by a consortium of regional governments, commercial banks and global cryptocurrency platforms, with each entity holding an ownership stake. Support for the digital asset industry, including development of a Korean won stablecoin, is one of the key pledges of Lee Jae-myung, the DPK’s presidential candidate. The party plans to use the exchange to bring digital assets such as won-based stablecoins, real-world assets (RWAs) and security tokens (STs) into the regulated financial system.