Experts urge South Korea to close digital asset policy gap amid overseas capital outflows

Experts at a seminar in Seoul said South Korea’s digital asset market continues to face a regulatory vacuum and urged the government to move quickly on institutional reforms, according to Maeil Business Newspaper. The seminar, titled "Cases of digital asset financial innovation and response strategies," was jointly hosted by Democratic Party lawmakers Min Byoung-dug and Ahn Do-geol at Yeouido Post Tower on Sept. 10. In opening remarks, Ahn said assets under management in the global digital asset ETP market had exceeded $180 billion as of the end of last year, while major countries were moving to take the lead in financial markets integrating digital assets. By contrast, Ahn said, South Korea remains in a policy vacuum, pushing domestic investors' funds into overseas markets that are not protected by South Korean law.