ASIATODAY.ID, JAKARTA — South Korea is actively seeking to strengthen cooperation with Indonesia in the development and implementation of digital currency and digital assets, signaling a broader push to reshape future financial systems in Asia.
The initiative was discussed during a meeting between Indonesia’s House of Representatives Commission XI and a delegation from the National Assembly of the Republic of Korea at the Indonesian Parliament Complex in Jakarta on Wednesday, January 14, 2026.
Led by National Assembly member Min Byoung Dug, the South Korean delegation outlined plans to draft legislation governing the use of digital currency and digital assets as official payment instruments, including their integration into South Korea’s national budget framework.
According to Deputy Chair of Commission XI, Mohamad Hekal, the policy is expected to begin implementation by mid-2026.
“The South Korean parliament conveyed its intention to introduce digital currency and digital assets as part of their national budget payment system,” Hekal said after the meeting.
Beyond domestic implementation, South Korea also invited Indonesia to join an inter-parliamentary forum aimed at expanding the use of stablecoins and digital assets for cross-border transactions, including trade, export, and import activities.
Hekal noted that several Asian economies — including Singapore, Taiwan, Japan, the Philippines, and Thailand — have expressed interest in joining the initiative, reflecting growing regional momentum toward digital financial integration.
While the discussions remain at an exploratory stage, Indonesia has signaled interest in participating to closely monitor global developments and assess potential policy implications.
“We have requested an official invitation so we can take part in the discussions and study how the system is implemented,” Hekal added.
He emphasized that the use of digital assets and financial technology aligns with Indonesia’s ongoing efforts to expand financial inclusion, particularly as the country continues to revise its Financial Sector Development and Strengthening Law.
Hekal concluded by stressing the importance of international collaboration and knowledge-sharing as countries race to innovate in financial technology.
“Other countries are moving quickly with new breakthroughs. Open dialogue and cooperation are essential so that progress can be achieved together,” he said. (AT Network)
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