CoinEx News: South Korea’s Ministry of Finance and Economy said on July 15 that it will pursue a new National Assets Framework Act to modernize the management of more than 1,400 trillion won ($938 billion) in state-owned assets. The existing State Property Act dates to 1950 and centers on real estate, leaving newer categories such as intellectual property and virtual assets outside a clear unified framework.

The proposal does not create a national crypto reserve or signal government purchases. It moves state-owned virtual assets toward formal public-asset administration, making custody, valuation and disposal standards the next policy details for crypto users to watch.