[South Korea's People Power Party Proposes 'Digital Asset Market Integration Act,' Covering Derivatives Regulation and More] Kim Jae-seop, a member of South Korea's People Power Party, has submitted the 'Digital Asset Market Integration Act' to the National Assembly. This marks the first virtual asset industry bill proposed by South Korea's largest opposition party and the third industry-specific legislative proposal submitted to the National Assembly. The bill is comprehensive, covering the definition of digital assets, business licensing and registration systems, governance structures and internal control standards, user asset protection, unfair trading regulations, and obligations for stablecoin issuance and redemption. Additionally, the bill includes special provisions for digital asset derivatives and the establishment of a professional brokerage system, aiming to provide a comprehensive legal framework for South Korea's digital asset market.