According to EDaily, Bank of Korea Governor Shin Hyun-song stated in the National Assembly on July 9 that South Korea should introduce a won stablecoin system as soon as possible and push forward legislation on a basic digital asset law. Shin Hyun-song said that stablecoins and deposit tokens will maintain a "competitive and complementary relationship."

The Bank of Korea stated that the legislation for the won stablecoin must include safety devices such as giving priority issuance rights to consortia centered on the banking industry and establishing statutory policy bodies between relevant institutions, while also considering macro impacts such as the weakening of monetary policy effectiveness and risks of foreign exchange policy circumvention.