South Korea's Digital Assets Basic Act Faces Implementation Pressure: Legislative Timeline May Be Delayed Until First Half of 2027

According to TechFlow, on Sept. 13, Korean media outlet MK reported that Democratic Party lawmaker Min Byung-deok revealed that South Korea plans to advance the Digital Asset Basic Act within this year, with public hearings scheduled for this month and formal legislative review set to begin in November following the conclusion of National Assembly audits. However, given that the National Assembly will still undergo audits and budgetary reviews, the legislation could be delayed until the first half of next year.

Additionally, South Korea's Financial Services Commission has released a phased implementation roadmap for security tokens (STOs), and financial institutions are advancing tokenization system testing alongside global infrastructure partnerships. Consequently, South Korea's digital asset regulatory framework is transitioning from theoretical discussions to concrete implementation preparations.