Internet reports, Cointelegraph reported that South Korea's Democratic Party leader Lee Jae-myung proposed creating a stablecoin pegged to the Korean won to prevent capital outflows and strengthen the country's financial sovereignty. Data shows that asset outflows from South Korea's cryptocurrency exchanges reached 56.8 trillion won (approximately US$40.8 billion) in the first quarter of this year, nearly half of which were related to foreign stablecoins. Currently, South Korean law prohibits the issuance of local stablecoins, and local exchanges can only rely on dollar-based stablecoins. Li Zai-ming said that a stablecoin market backed by the Korean won needs to be established to prevent national wealth from flowing overseas. In addition, he also proposed allowing national pensions and other institutions to invest in cryptocurrencies, and plans to establish a comprehensive monitoring system to reduce transaction fees under government supervision and make cryptocurrencies more accessible.