According to Foresight News, according to Yonhap News Agency, Kim Joo-hyun, chairman of the Financial Services Commission (FSC) of South Korea, said that the issuance of security tokens (STOs) will be allowed and a safe token circulation system will be established. "The over-the-counter circulation platform will be institutionalized through the rhythmic advancement of proposing policies, sandbox testing, and formal institutionalization." The policy including STO issuance and circulation regulations will be announced at the beginning of next month.
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South Korea will allow the issuance of security tokens and will announce the STO issuance and circulation guidelines early next month
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