South KoreaAbout
Lee Kang-il was born in 1967 and grew up in Cheongju. He holds a business degree from Chungbuk National University and a master's in public policy from Yonsei University's Graduate School of Public Administration. He served on the Seoul Metropolitan Council from 2002 to 2006, where he chaired its ethics committee. He later sat on the board of the Gyeonggi Credit Guarantee Foundation as a non-executive director and was a Democratic Party deputy spokesperson.
He was elected to the 22nd National Assembly in April 2024 for Cheongju Sangdang in North Chungcheong Province. It is his first term. He sits on the National Policy Committee, which oversees the Financial Services Commission, and has served on the Democratic Party's digital asset task force.
In September 2025 he sponsored the Digital Asset Innovation Act, drafted with the Korea Fintech Industry Association. The bill sorts digital asset businesses into nine licensed or registered types, would allow domestic token offerings, sets up a disclosure platform for white papers, and requires stablecoin issuers to hold at least 1 billion won in capital and back tokens with safe short-term assets. At the National Policy Committee he has pressed the FSC to produce the government's Digital Asset Basic Act draft, arguing that the law should not slip into another year.
Policy engagement
Sponsored the Digital Asset Innovation Act (Sep 2025), allowing domestic token offerings and licensing stablecoin issuers. In Aug 2026 pressed the FSC Chairman to table the government's Digital Asset Basic Act draft this autumn.
Key actions
Asked the FSC Chairman at the National Policy Committee to table the government's Digital Asset Basic Act draft in time for passage this autumn, citing US SEC and CFTC moves.
SourceTold the National Policy Committee that the Digital Asset Basic Act had been debated for a long time without passing and urged renewed momentum.
SourceSpoke at the Democratic Party digital asset task force meeting that discussed the party's draft of the Digital Asset Basic Act.
SourceSponsored the Digital Asset Innovation Act, covering exchange licensing, token offerings and stablecoin issuer rules, including limits on foreign stablecoins.
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