Korean regulators just dropped a deadline bomb. December 10th—that's the line in the sand for their stablecoin bill. Miss it? Lawmakers are threatening to roll their own legislation.

Here's where it gets messy: Korea's central bank wants a 51% bank ownership requirement locked in. Meanwhile, the Financial Services Commission is pushing back hard, advocating for wider market access instead. Classic bureaucratic tug-of-war.

They're eyeing January 2026 for the National Assembly to review whatever framework emerges from this standoff. The clock's ticking, and neither side seems ready to blink. This could reshape how stablecoins operate across the entire Korean market—assuming they actually get something passed before the ultimatum hits.