Korea Capital Market Institute

Impact of Won-Denominated Stablecoins on the Foreign Exchange Stability and Directions for Global Scalability [Senior Research Fellow] LEE, Seungho Amid active discussions on the introduction of a Korean won-based stablecoin, expectations for financial innovation are rising, while concerns are also emerging over potential risks to foreign exchange stability. However, since it is difficult to identify clear channels for capital outflows, and unless exceptional situations such as a coin run occur, the negative impact on fore... Introduction of Stablecoins in Korea and User Protection [Senior Research Fellow] Hwang, Seiwoon While various debates regarding the pros and cons of introducing stablecoins are ongoing, efforts to introduce regulatory frameworks domestically are becoming visible, taking into account the situations in the EU, United States, and Japan. In establishing domestic stablecoin regulations, it is essential to thoroughly prepare user protection provisions to ensure that market conf...