Min Byung-deok: “Stock tokenisation, a new growth engine to take the KOSDAQ to 3,000”

Min Byung-deok, a lawmaker of the Democratic Party of Korea, said on the 6th that “stock tokenisation could become a new growth engine that makes it possible to go beyond a KOSPI 5,000 and even to a KOSDAQ 3,000.”

In a written congratulatory address at 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 framework of the existing capital market,” and made the remarks.

He also stressed the importance of putting regulations in place. Min said, “In global capital markets, competition over on-chain financial infrastructure, led by major financial institutions, has begun in earnest, and stock tokenisation lies at its core,” adding, “Rather than stopping because there are risks, it is the role of legislation to first establish systems so that risks can be managed.”

Kim Hyun-jung, also a Democratic Party lawmaker, said in a written congratulatory address that day, “(Stock tokenisation) will raise the level of our capital market by one notch.” Kim said, “Tokenised securities (STOs) are an important change 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 ensure that, in the process of implementing the system, on-the-ground voices are faithfully reflected so that innovation does not remain merely technological but can take root as a trusted system.”