By Isaac • July 17, 2026 12:22 pm •
“National asset” has been stripped of its legal context in the rush to explain South Korea’s new proposal.
South Korea has not announced a Bitcoin reserve. It has proposed replacing a 76-year-old public-property law so the government can recognize and manage newer forms of value, including virtual assets.
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The plan reaches into custody, securities records and settlement—far beyond the viral shorthand.
The old law was built around land and buildings.
The Korea Times reported that Finance Minister Koo Yun-cheol wants a new national-assets law for a state-owned property portfolio valued at more than 1,400 trillion won, or roughly $938 billion. The current State Property Act dates to 1950 and remains centered on real estate.
Koo presented
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