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Promote with Leviathan NewsFormer National Assembly Secretary-General Lee Kwang-jae has urged South Korea to ensure upcoming Korean won (KRW)‑pegged stablecoins are tradable on major overseas exchanges such as Binance and Coinbase, arguing that limiting them to the domestic market would severely restrict their impact and global recognition. In an interview with local outlet Seoul Kyungjae, Lee said that foreign traders should also be allowed to buy and sell these assets on Korean platforms like Upbit and Bithumb, emphasizing two‑way market access as key to demand and liquidity. Lee, now a professor at Myongji University, framed KRW stablecoins as part of South Korea’s broader push into digital currencies and financial innovation, but warned that without international participation and listings, the coins risk becoming “local-only” instruments with little relevance to global crypto markets. His comments come as Korean policymakers and regulators are working on how to fit stablecoins into existing financial and virtual asset laws, and as the ruling and opposition parties debate frameworks for digital assets and tokenized real‑world assets. The proposal highlights an emerging policy fault line: whether South Korea will treat KRW stablecoins as primarily domestic payment tools, or position them as globally traded assets that could expand the won’s footprint in crypto markets but also introduce cross‑border regulatory and capital flow considerations.
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