South Korean committee to review 3 bipartisan stablecoin bills today

South Korea’s National Policy Committee of the National Assembly is set to review three separate stablecoin bills during a plenary session on Nov. 24, Digital Asset reported. The bipartisan proposals are specifically designed to regulate stablecoins, rather than establishing a comprehensive framework for the entire virtual asset market. The bills under consideration were introduced by Representative Kim Eun-hye of the People Power Party and Representatives Kim Hyun-jung and Ahn Do-geol of the ruling Democratic Party. All three legislative proposals mandate a minimum capital requirement of 5 billion won (approximately $3.6 million) for stablecoin issuers.