Democratic Party Pushes Digital Asset Special Committee... Appoints Min Byung-deok as Chair

# South Korea’s Democratic Party Launches Digital Asset Committee to Bolster Policy Framework South Korea’s Democratic Party, under the leadership of Representative Min Byung-deok, has inaugurated a 'Digital Asset Special Committee' aimed at amplifying its stance on digital assets (virtual assets). This strategic move appears to be an effort to secure the support of young voters in their 20s and 30s ahead of potential early presidential elections by promoting specific policies such as allowing digital asset spot ETFs and legalizing security tokens. According to reports from the National Assembly on the 11th, the Democratic Party’s Policy Committee discussed current issues and institutional policies related to digital assets in a closed-door high-level meeting on the morning of the 10th. The committee is known to be thoroughly examining specific measures, including the issuance, listing, and trading of digital asset spot ETFs, as well as the legalization of security tokens. This focus signifies the party's emphasis on digital assets as a key policy area in preparation for early presidential elections, especially in the wake of President Yoon Suk-yeol’s release prompting emergency actions by the party. The Democratic Party plans to officially establish the 'Digital Asset Special Committee' as early as this week, with Representative Min Byung-deok, a member of the National Assembly’s Political Affairs Committee, set to chair the committee. The Digital Asset Special Committee is expected to formulate policies aimed at mitigating the heightened volatility in the global coin market, aggravated by U.S. President Trump’s directives on digital asset strategy reserves and tariff policies. Currently, the committee is reportedly scouting members from across the industry, including exchange operators, investment firms, blockchain technology companies, and legal experts. This diverse recruitment aims to create effective and practical policies.