PANews reported on May 12 that, according to Edaily, the South Korean National Assembly's Political Committee held its final bill review subcommittee meeting of the first half of the year today, discussing 53 bills, nearly half of which were amendments to the Capital Markets Act. However, the Digital Assets Basic Law (the second phase of legislation) related to stablecoins was excluded from the discussion. The committee believes that, considering the committee's reorganization after May and the local elections in June, the discussion of the bills can be postponed until the second half of the year. Currently, there are eight stablecoin-related bills awaiting processing in the National Assembly. Industry insiders in the country warn that the longer the legislation of the Digital Assets Basic Law is delayed, the more severe the negative impacts, such as capital outflows and the contraction of domestic industries, will be.