According to South Korean media Newsis, Kim Sang hoon, Chairman of the Policy Committee of the ruling National Power Party, stated that he will promote the legislation of the Digital Asset Basic Law to systematically manage and promote the healthy development of the digital asset market, and achieve the coordination and unity of investor protection and industrial innovation. He pointed out that due to vague regulations and excessive restrictions, foreign investment is difficult to enter the South Korean market, and domestic capital is also accelerating its flow overseas. Kim Sang hoon stated that virtual assets are an important component of the new economy and should be institutionalized for development. The relevant election policies will be officially announced by Member of Parliament Park Soo min on April 29th.
