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According to Edaily, the Korean National Assembly's Political Affairs Committee held a bill review meeting on May 12, but the highly anticipated stablecoin "Digital Asset Basic Law" (second phase legislation) was not included in the agenda for discussion. It is reported that the government plans to postpone the review of this bill until after the June local elections. The Korean industry generally worries that the ongoing delay in related legislation will trigger capital outflows and restrict the development of the domestic crypto industry.