The Bank of Korea is concerned that if stablecoins pegged to the won are issued, citizens could easily transfer money abroad and evade foreign exchange controls. This could make it difficult for the government to control capital flows and could destabilize the won when markets fluctuate.

Meanwhile, the South Korean National Assembly has not yet agreed on laws regarding stablecoins:
- The central bank wants to designate only banks as issuers for easier regulation.
- Crypto businesses want to expand issuance rights to more companies.

Due to this disagreement, the Digital Asset Basic Act( bill has been delayed, along with other plans such as allowing companies to list and trade cryptocurrencies or launching crypto ETFs.)