PANews reported on April 25 that according to South Korean media Newsis, Kim Sang-hoon, chairman of the Policy Committee of the ruling People's Power Party of South Korea, said that he would promote the legislation of the "Basic Law on Digital Assets" to systematically manage and promote the healthy development of the digital asset market and achieve the coordination and unification of investor protection and industrial innovation. He pointed out that due to unclear supervision and excessive restrictions, it is difficult for foreign capital to enter the Korean market, and domestic capital is also accelerating to flow overseas. Kim Sang-hoon said that virtual assets are an important part of the new economy and should be institutionalized. The relevant election policy will be officially released by Congressman Park Soo-min on April 29.