"Securities Token Legislation Delayed in National Assembly... Discussion Expected in Second Half"

Minseung Kang

Summary

The securities token bill was not introduced in the National Assembly subcommittee, and discussions on Securities Token Offering (STO) legislation are expected to be delayed until the second half of the year.
Securities firms and fractional investment companies expressed disappointment as the bill they had high hopes for was not introduced.
Due to the non-introduction of the Capital Markets Act and Electronic Securities Act, the institutionalization of the STO market is expected to proceed slower than anticipated.

The securities token legislation bill was not introduced in today's National Assembly subcommittee, pushing the discussion of Securities Token Offering (STO) legislation to the second half of the year.

According to industry sources on the 20th, the Legislative Review Subcommittee 1 of the Political Affairs Committee did not proceed with the review of the partial amendments to the Capital Markets Act and the Electronic Securities Act, which were proposed by Representatives Min Byung-duk and Kim Jae-seop to institutionalize securities tokens.

While securities firms and fractional investment companies that have invested tens to hundreds of billions of won in the market had high expectations for the passage of this bill, as the Capital Markets Act and Electronic Securities Act were not introduced, there are predictions that the institutionalization of the STO market will proceed slower than expected.