The Ministry of Economy and Finance confirmed the initiative following a recent State Council meeting, outlining plans to formalize the Digital Asset Basic Act. This legislation aims to define business conduct rules and set standards for won-pegged stablecoins while creating a legal foundation for cross-border transactions. Authorities also intend to amend the Capital Markets Act to pave the way for the country's first spot cryptocurrency exchange-traded funds.
Financial infrastructure remains a core focus of the roadmap. The Bank of Korea plans to launch a pilot program for tokenized government bonds by 2027, integrated with an institutional central bank digital currency project. Complementing these national efforts, Gyeonggi Province is initiating a proof-of-concept trial in August to test a blockchain-based stablecoin for regional payments. Led by ZKrypto, this project utilizes zero-knowledge proofs and reserve-verification technology to ensure security and transparency through early 2027.
Despite this blockchain push, the government is prioritizing artificial intelligence and chip manufacturing as its primary national "Mega Projects." Officials have committed 800 trillion won to expand semiconductor production capacity and establish a global AI hub. This investment strategy creates a dual-track digital economy, where experimental blockchain financial tools operate alongside a massive, state-backed expansion of physical AI infrastructure and memory chip fabrication.
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