Gate News message, April 29 — Lee Eok-won, chair of South Korea’s Financial Services Commission, stated on April 29 that the FSC will actively respond to the convergence of digital assets and traditional finance, with stablecoin development as a key priority. Speaking at the ‘Fintech, Connection of Places’ forum in Seoul’s Mapo District, Lee emphasized that the FSC has established foundations for tokenized securities regulation and will continue advancing new frameworks including stablecoin standards.
Lee highlighted that fintech companies have driven innovation in South Korea’s financial sector over the past decade, while artificial intelligence technology is fundamentally reshaping not just the pace of change but the operational mechanisms of finance itself. He characterized the current moment as a critical turning point, describing AI transformation as an unavoidable trend rather than an optional shift.
To support this transition, the FSC will shift from uniform support approaches to targeted funding in key areas including AI, data utilization, regional development, and youth initiatives. The commission also committed to substantially improving regulations that hinder innovative service development, including phased improvements to data usage rules and expedited refinement of stablecoin and tokenized securities frameworks.
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