TechFlow news, June 6 — According to Cryptonews citing Yonhap News Agency, South Korea's National Assembly may soon approve a draft bill on tokenized securities, which would ultimately allow domestic companies to issue blockchain-powered tokens linked to real estate, raw materials, livestock, and copyrighted works.
Currently, two bills proposing to institutionalize tokenized securities, drafted by lawmakers Min Byeong-deok and Kim Jae-seop, are awaiting review in the National Assembly's Standing Committee on Finance. With President Lee Jae-myung of the Democratic Party taking office yesterday, the legislative deadlock is expected to end.
Industry insiders say both the ruling and opposition parties have shown strong willingness to activate the security token offering (STO) market, forming a rare bipartisan consensus. Lawmakers believe STO will promote financial inclusion, enabling the public to participate in investments in real estate assets or expensive artworks with as little as 10,000 South Korean won (approximately USD 7.39).
