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candidate_metadata: candidate_id: “C00297” title: “Ruling Party, Financial Authorities Focus on Leveraged ETFs and Stablecoin Legislation in First Policy Consultation — BigGo Finance” source_name: “finance.biggo.com” source_domain: “finance.biggo.com” url: “https://finance.biggo.com/news/be227bf3-6153-4e0c-b6b0-0740dd4e2997” canonical_url: “https://finance.biggo.com/news/be227bf3-6153-4e0c-b6b0-0740dd4e2997” published: “2026-07-19” collected: “2026-07-30T23:59:57Z” query: “stablecoin regulation legislation policy” snippet: “title_gate_include_and_body_term_confirmed” candidate_id: “C00297” title: “Ruling Party, Financial Authorities Focus on Leveraged ETFs and Stablecoin Legislation in First Policy Consultation — BigGo Finance” source_url: “https://finance.biggo.com/news/be227bf3-6153-4e0c-b6b0-0740dd4e2997” canonical_url: “https://finance.biggo.com/news/be227bf3-6153-4e0c-b6b0-0740dd4e2997” source_domain: “finance.biggo.com” source_type: “article” author: “BigGo Finance” published: “2026-07-19” collected: “2026-07-30” original_language: “english” registered_by: “hermes” registered_at: “2026-07-30T23:59:57Z” collector_note: “Source-success source_html; body review AUTO_RULE INCLUDE; source artifact SHA-256 5ac3e8099de44188169fb9ed6ddacd8912139f55d1de62d7bd518362430bd5cc; extracted body SHA-256 ff3a50b9e8f78faa55523761f7743160bc3818c378ad1bc3957db77144fe643d.”
Ruling Party, Financial Authorities Focus on Leveraged ETFs and Stablecoin Legislation in First Policy Consultation — BigGo Finance
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Ruling Party, Financial Authorities Focus on Leveraged ETFs and Stablecoin Legislation in First Policy Consultation The Democratic Party of Korea and South Korea’s financial authorities held their first policy consultation since the launch of the second half of the 22nd National Assembly, intensively reviewing major pending issues including regulations on single-stock leveraged ETFs (exchange-traded funds) that are amplifying stock market volatility, and legislation for the Digital Asset Framework Act to institutionalize stablecoins. With the Office of the President formalizing its stance that delisting leveraged ETFs is not an option, the ruling party urged financial authorities to prepare additional measures to curb market overheating. According to the National Assembly and financial authorities on the 20th, Democratic Party lawmakers belonging to the National Policy Committee received a closed-door business report from the FSC and FSS at the National Assembly Members’ Office Building in Yeouido, Seoul, that morning and discussed major legislative and policy tasks for the second half of the year. The meeting was attended by a large number of ruling party National Policy Committee members, including Chairman Yoo Dong-soo and Secretary Park Sang-hyuk. After the policy consultation, Representative Park Sang-hyuk told reporters, “Overall, the lawmakers requested stronger monitoring and situational awareness of market conditions,” adding, “They also requested that additional measures be devised if necessary.” The consultation reportedly included a detailed report on the policies announced on the 16th by the FSC, FSS, and Korea Exchange to curb overheating in single-stock leveraged ETF products. Previously, at the Macroeconomic and Financial Issues Meeting (F4 Meeting) attended by the Ministry of Economy and Finance, Bank of Korea, FSC, and FSS, financial authorities announced supplementary measures to raise the base deposit for single-stock leveraged ETFs threefold from 10 million won (approximately 20,302), and to expand the minimum trading unit from 1 share to 20 shares. Byun Je-ho, Director General of the FSC’s Capital Market Bureau, predicted at the briefing that “the market capitalization of around 12 trillion won (approximately 3.4 billion).” However, as doubts about the policy’s effectiveness persisted, this policy consultation appears to have been urgently convened. Delisting Impossible vs. Additional Regulations… Discord Between the Presidential Office and Ruling Party While some political circles and market participants voiced the need to even consider delisting single-stock leveraged ETFs, the Office of the President dismissed this. Kim Yong-beom, Policy Chief at the Office of the President, appeared on KBS’s “Sunday Diagnosis Live” the previous day and stated firmly, “Investors have already invested, and the product size has exceeded 10 trillion won (approximately 20,302), and 34.0% of respondents had experience with “debt-fueled investing”—using loans to invest in financial products—up 5.2 percentage points from two years ago. The research institute expressed concern that “as loan-accompanied investment expands, the risk level for male single-person households is likely to increase.” Stablecoin Act Proposed for September… 10 Bills from Ruling and Opposition Parties Pending The legislative trend for the Digital Asset Framework Act was also addressed as a key agenda item at the day’s policy consultation. The government announced through its “2026 Economic Growth Strategy” on the 14th that it would pursue legislation of the Digital Asset Framework Act in the second half of this year, establishing a legal foundation for institutionalizing the issuance and distribution of stablecoins and strengthening anti-money laundering (AML) regulations. FSC Chairman Lee Eok-won also reported the plan to complete legislation within the year during a business report to the Presidential Office on the 15th. Currently, 10 bills related to digital assets and stablecoins are pending in the National Assembly, each sponsored by Democratic Party lawmakers Min Byung-duk, Ahn Do-geol, Kim Hyun-jung, Lee Kang-il, and Park Sang-hyuk, as well as People Power Party lawmakers Kim Eun-hye, Kim Jae-seop, Choi Bo-yoon, Lee Sung-kwon, and Kim Sung-won. Key points of contention include whether to introduce a “51% rule” that restricts the issuance entity of won-pegged stablecoins to bank-centered consortiums, and the method of applying equity regulations to virtual asset exchanges such as Dunamu, Bithumb, Coinone, Korbit, and Streami (Gopax). Representative Park Min-kyu of the Democratic Party (National Policy Committee) stated at a seminar hosted by DAXA (Digital Asset Exchange Joint Consultative Body) and MRI on the 15th, “As soon as the Democratic Party’s national convention and the appointment of the Policy Committee Chair are completed, we will reconstitute the digital asset task force (TF) and pursue a proposal in September after consultations with the government,” adding, “We will push for the bill’s passage in the second half of this year as a top priority.” National Policy Committee Chairman Yoo Dong-soo also noted that “opinions within the government have been gathered to some extent,” and urged the FSC to promptly submit the government’s draft. Industry Voices Unite: “Swift Legislation Needed” Voices within the industry are growing louder, calling for accelerated legislation to avoid falling behind global digital asset regulatory trends. Kim Jong-won, Chairman of the Korea Blockchain Industry Promotion Association, emphasized, “Now is the time to set a direction,” adding, “We must view stablecoins as infrastructure to be nurtured under safeguards and accelerate legislation.” Meanwhile, Representative Park Sang-hyuk conveyed, “As the National Policy Committee could not operate smoothly in the first half of the National Assembly, numerous legislative tasks have piled up,” and noted, “There was a report from the FSC on the progress of legislative tasks aimed at advancing inclusive finance and productive finance.” The day’s policy consultation is assessed as a signal flare indicating that the ruling party and financial authorities have embarked on full-scale policy coordination in the second half of the 22nd National Assembly. Once added, BigGo Finance appears first in Google Search Top Stories, so you get the broadest, most up-to-the-minute, and most comprehensive global financial news first.