The Korea Fintech Industry Association (Chairman Lee Geun-joo, CEO of Hanpass, hereinafter referred to as the Fintech Association) held the 6th 'National Assembly Forum for the Enactment of the Digital Asset Innovation Act' on the topic of 'Follow-up Tasks for the Digital Asset Innovation Act and Direction of Industrial Development' at 10:00 AM today (the 22nd) in the 6th Conference Room of the National Assembly Members' Hall.
This forum was designed to discuss follow-up tasks for industrial development and measures to strengthen global competitiveness following the enactment of the Digital Asset Innovation Act. As the final session of a series of forums held throughout 2025, it served as an opportunity to summarize the outcomes of previous discussions and suggest future directions for development.
Rep. Kang Jun-hyun of the Political Affairs Committee said in his opening remarks, “Today’s forum was a valuable opportunity to deeply discuss policy tasks and the direction of industrial development following the enactment of the Digital Asset Innovation Act, and to preemptively examine institutional supplementation points required in the field.” He added, “The National Assembly will continue its efforts to improve the system and legislate for the sustainable development of the digital asset market and investor protection, and will do its best to ensure that Korea secures a leading position in the global digital asset market.”
In his opening remarks, Lee Geun-joo, Chairman of the Korea Fintech Industry Association, which hosted the forum, stated, "Global VC investment in the digital asset sector is expected to reach $10 billion by the second quarter of 2025, demonstrating that digital assets are establishing themselves as a core infrastructure for the future financial ecosystem." He emphasized, "With the enactment of the Digital Asset Innovation Act at a critical turning point, we must establish a substantive industrial ecosystem and secure global competitiveness." He added, "We must secure the global competitiveness of domestic fintech through a responsible attitude from industry participants and the expansion of new industries such as stablecoins."
In the following presentation, Attorney Kang Hyun-gu (Kwangjang Law Firm) presented on "Legal System Improvement Measures for Expanding New Digital Asset Businesses." He highlighted the legal and institutional uncertainties facing the digital asset industry and emphasized the need to establish an institutional foundation for new business expansion. He specifically suggested, "Legal improvements should be made to ensure a balance between investor protection and industry revitalization in new business areas such as Bitcoin spot ETFs, security token offerings (STOs), overseas remittances, and simplified payment services."
In the final presentation, Professor Park Hye-jin (Sogang University) presented on "Suggestions for the Globalization of the Korean Digital Asset Industry." Professor Park stated, "To secure global competitiveness, Korea needs to strengthen its institutional foundations, including regulatory clarity, flexible financing, and the introduction of innovative fund structures." She added, "Building practical partnerships with global companies, like the cases of Anchorage Digital and Visa, is key to industrial growth."
The panel discussion that followed was moderated by Professor Chae Sang-mi (Ewha Womans University), and the panelists included Director Lee Seok (Financial Supervisory Service Virtual Asset Supervision Bureau), Attorney Kang Hyeon-gu (Law Firm Gwangjang), Professor Park Hye-jin (Sogang University), Professor Yoon Min-seop (Soongsil University), CEO Kim Jong-hyeop (Parameter), and CEO Jeong Gu-tae (Infinite Block). They shared various opinions on strengthening industrial competitiveness and policy tasks following the enactment of the Digital Asset Innovation Act.
Meanwhile, the National Assembly forum for the enactment of the Digital Asset Innovation Act was held six times in total throughout 2025, with the previous topics being 'Corporate Participation Plan' (February 6), 'Stablecoin Regulatory System' (March 5), 'Measures to Resolve Conflicts of Interest in Exchanges' (March 24), 'Division of Business and Regulatory System for Digital Asset Business Operators' (April 15), and 'Korean Bitcoin Spot ETF: Digital Assets and Capital Market Innovation' (July 30).
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