TechFlow News, July 16, according to CoinDesk, the economic policy roadmap released by South Korea's Ministry of Economy and Finance on Wednesday shows that the country plans to revise the 1950 "State Property Act" to formally include virtual currencies and intellectual property rights in the definition of national assets, to modernize the state property management system.
According to the plan, the government will launch a pilot for tokenized government bonds in 2027 and explore tokenizing state-owned real estate to attract retail investor participation. The amendment is scheduled to take effect on February 4, 2027, at which time blockchain ledger systems will receive formal legal recognition as securities registration systems under the "Capital Markets Act" and the "Electronic Act", while the government plans to connect these systems with the Bank of Korea's central bank digital currency infrastructure.
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