Digital Asset Global Competition and Korea's Strategy Forum Held

Min Byung-deok, a member of the Democratic Party of Korea, announced on the 2nd that a National Assembly forum titled 'Digital Asset Hegemony Competition and Korea's Strategy

Min Byung-deok, a member of the Democratic Party of Korea, announced on the 2nd that a National Assembly forum titled 'Digital Asset Hegemony Competition and Korea's Strategy: Trump Administration Policies and the Future of Technological Innovation' was held at 2 PM in the 7th Conference Room of the National Assembly Members' Office Building, in collaboration with the Digital Asset Policy Forum.

The forum was attended by academic, industry, and policy experts to analyze the impact of the US-China hegemony competition surrounding digital assets and the policy changes of the Trump administration on the global market and Korea, and to explore Korea's strategic response.

In his opening remarks, Representative Min emphasized, "Digital assets are now a key tool in global hegemony competition and a central axis of national strategy," adding, "As the Trump administration's policy changes can shake the global digital order, Korea is in a golden time to establish a proactive and leading response strategy."

Representative Min has been actively engaged in legislative activities to institutionalize the digital asset industry. In the last national audit, he strongly criticized the poor listing review of domestic exchanges and the lack of investor protection measures, urging the introduction of a 'Coin Real-Name System' and the enactment of the Virtual Asset Business Rights Act. He stated, "If reckless listings continue, a second Luna incident is only a matter of time," and is leading efforts to overhaul the system for transparency and trust recovery.

The first presenter, Professor Kim Sang-bae from the Department of Political Science and International Relations at Seoul National University, presented on the topic of 'The Trump Administration and Global Hegemony Competition and Digital Assets.' Professor Kim's analysis focused on how digital technology is breaking down the boundaries of military, economic, and political spheres and emerging as a central axis of hegemony competition.

Particularly emphasizing the technological and standard competition between the US and China surrounding AI, blockchain, and stablecoins as a new battleground of geopolitics, Professor Kim's presentation provided insights into Korea's strategic choices from a complex geopolitical perspective.

Following this, Professor Lee Jong-seop from Seoul National University continued the discussion with his presentation titled 'The War of Digital Money - Focusing on the Stablecoin Market.' Professor Lee highlighted how the US is strategically utilizing stablecoins to secure the digital dollar's dominance.

Describing the digital dollar, which can be used anywhere in the world with just a smartphone, as an object already reshaping the internet of money, Professor Lee highlighted the urgency for Korea to establish a won-based stablecoin strategy.

Furthermore, Professor Ryu Kyung-eun from Korea University School of Law presented on the subject of 'Trends in US Digital Asset Legislation and Implications.' Professor Ryu emphasized the possibility that the US Congress's move to clarify regulations could become a global policy standard.

Finally, Representative Min Byoperability-deok, the host of the forum, stated, "Based on today's discussions, the National Assembly, government, and industry must come together to practically develop strategies to protect Korea's digital sovereignty." He concluded by mentioning his plans to continue expanding the forum for legislative and policy discussions related to digital assets.