Min Byeong-deok: "Stock tokenisation, a new growth engine to push KOSDAQ to 3,000"

Rep. Min Byeong-deok of the Democratic Party of Korea said on the 6th that "stock tokenisation can become a new growth engine that makes it possible to go beyond KOSPI 5,000 and even reach KOSDAQ 3,000."

In written congratulatory remarks for the "Stock Tokenisation Open Seminar" held that day at the headquarters of Eugene Investment & Securities in Yeouido, Seoul, Min said, "Stock tokenisation is a process of digitally extending the trust structure of the existing capital market," and made the remarks.

Min also stressed the importance of putting regulations in place. He said, "In global capital markets, competition over on-chain financial infrastructure—centred on major financial institutions—has begun in earnest, and stock tokenisation sits at its core," adding that rather than stopping because risks exist, "the role of legislation is to first establish institutions so that risks can be managed."

Rep. Kim Hyun-jung of the Democratic Party also said in written congratulatory remarks that day that "(stock tokenisation) will take our capital market to the next level." Kim said, "Token securities (STO) are an important shift that can reduce information asymmetry and the risk of disputes and enhance market trust, through a structure in which transactions and transfers of ownership are transparently recorded and verified," adding, "We will work to faithfully reflect voices from the field during the implementation process so that innovation does not remain merely technological but becomes established as a trusted system."