Internet reports that South Korean financial experts and opposition politicians urged South Korea to include bitcoin in national reserves and develop a stablecoin backed by the won at a seminar held by the main opposition Democratic Party in Parliament last Wednesday. According to the South Korean Herald, the seminar analyzed potential responses to the U.S. move to establish a bitcoin-centered national reserve. The discussion came just before President Trump signed an executive order on Thursday to establish a Bitcoin reserve and a cryptocurrency reserve. Kim Jong-seung, CEO of blockchain company xCrypton, said at an event on Wednesday: "South Korea needs to respond with clear policies. "In addition to Bitcoin reserves, seminar experts also emphasized the importance of creating Korean won to support stablecoins. Kim warned that South Korea could lose its "monetary sovereignty" if the U.S. dollar stablecoin dominates the digital economy. "We need to develop a model that connects US dollar stablecoins and Korean won stablecoins for trade transactions," he said. "Congressman Kim Min-seok, head of the Democratic Party's Policy Preparatory Committee, said that if the party returns to power, it will reshape South Korea's cryptocurrency regulatory framework. Min Jung, an analyst at Presto Research in Singapore, said: "South Korea is generally slower than most countries. We have just approved corporate accounts for cryptocurrency use, while Bitcoin and Ethereum ETFs are still not allowed to trade. It looks like South Korea is just trying to catch up. "