South KoreaAbout
Kim Hyun-jung was born in 1969 in Jecheon, North Chungcheong Province. She holds a law degree from Kyung Hee University and a master's in public administration from Yonsei University. Before entering party politics she was chair of the Korean Finance and Service Workers' Union, which represents employees in the financial sector.
She is a first-term Democratic Party member of the National Assembly for Pyeongtaek C in Gyeonggi Province, elected in 2024 after standing unsuccessfully in Pyeongtaek in 2020. She sits on the National Policy Committee. She has served as party spokesperson and floor spokesperson and now chairs the party's external co-operation committee.
In August 2025 she introduced a bill on the value-stable digital asset issuance business (bill no. 2212298). It would require stablecoin issuers to obtain FSC authorisation and hold at least ₩5 billion in equity capital, keep reserves of at least 100% of issuance in cash, government bonds and similar liquid assets, segregated from the issuer's own assets, and register foreign stablecoins with the FSC. As a member of the Democratic Party's digital asset task force, she has called for phase 2 digital asset legislation to be passed before US stablecoin rules take full effect.
Policy engagement
Lead sponsor of the Act on the Value-Stable Digital Asset Issuance Business (Aug 2025), setting ₩5 billion capital, FSC authorisation, 100% reserves and registration for foreign stablecoins. In July 2026 urged swift passage of phase 2 legislation.
Key actions
Said phase 2 of the Digital Asset Basic Act must not be delayed further, citing the expected passage of the US CLARITY Act and full implementation of the GENIUS Act in January 2027.
SourceAs a member of the Democratic Party's digital asset task force, said the stablecoin bill would be taken up after the June local elections.
SourceIntroduced a bill on the value-stable digital asset issuance business with ₩5 billion capital, FSC authorisation and full reserve requirements (bill no. 2212298).
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