Ruling party targets March for won-pegged stablecoin bill

South Korea's ruling Democratic Party is targeting March of next year for the final passage of a bill authorizing won-pegged stablecoins, Financial News reported. The party plans to focus on resolving differences with financial authorities for the remainder of this year. According to the report, the strategy is to introduce the legislation in January, allowing it to pass through deliberation and review stages before a plenary session vote in March, ahead of the local election season.