[South Korea's Ruling Party Establishes Digital Asset Task Force to Promote Stablecoin and Cryptocurrency Legislation] South Korea's ruling Democratic Party has announced the establishment of a Digital Asset Task Force aimed at drafting a comprehensive legislative framework for stablecoins and cryptocurrencies. The task force plans to push for the enactment of digital asset bills during this year's regular sessions and the National Assembly meeting at the end of the year. South Korea is currently facing capital outflow pressures, with $40.6 billion worth of digital assets transferred overseas in the first quarter of 2025 alone, half of which were stablecoins.