Financial Secretary Paul Chan Mo-po visited Seoul, South Korea, to discuss the development of digital assets and stablecoins.
Paul Chan Mo-po's Visit to South Korea
Paul Chan Mo-po met with financial and trade sectors in South Korea, emphasizing Hong Kong's investment and business development opportunities. He highlighted that South Korea is a key partner in Hong Kong's effort to establish itself as a hub for financial innovation.
Collaboration Opportunities in Digital Assets
During the visit, South Korean financial stakeholders expressed interest in Hong Kong's achievements in digital asset and stablecoin regulation. Chan Mo-po also noted an increase in transactions with Korean institutions, which reached HKD 1.5 trillion in the first five months of 2025.
Initiatives for Stablecoin Utilization in Hong Kong
Hong Kong aims to expand the use of stablecoins and other tokenized financial products to create a sustainable digital asset market. This involves developing new regulatory initiatives and collaborating with various economic partners in the region.
Hong Kong is actively working to improve its standing in the digital asset space, focusing on new technologies and strengthening ties with South Korea.
