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South Korea's "Basic Law on Digital Assets" faces a risk of being shelved this year, possibly due to the government's focus on the stock market.

MeNews
ME News Report, June 24 (UTC+8), South Korea's "Digital Asset Basic Act" as the second phase of virtual asset legislation may be shelved this year. Although the parliamentary Digital Asset Working Group has completed the integration of eight related bills, the group has stalled following recent changes in parliamentary leadership. The relevant standing committee — the National Policy Committee — has not yet been formed, and the overall legislative schedule faces further obstacles. Additionally, government agencies, including financial authorities, have not submitted their own versions of the bill. The media added that some market observers believe this delay is related to the recent surge in the stock market — the Korea Composite Stock Price Index (KOSPI) has surpassed the 9,000-point mark. This view suggests that financial authorities are intentionally slowing down the legislative process to prevent capital from flowing into the virtual asset market while the government focuses on boosting the stock market. (Source: PANews)
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