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According to news on June 8, the Korea Stock Exchange applied to the country's Financial Services Commission (FSC) to join the innovative financial services regulatory sandbox, aiming to officially start providing tokenized securities trading services from the end of this year. “Since the exchange plans to start this business, we are conducting prior consultations with the FSC and plan to apply for innovative financial services designated by the Financial Services Commission as early as this month or early next month at the latest,” said the head of the Korea Stock Exchange.
According to previous news in February, the South Korean Financial Services Commission (FSC) issued the "Guidelines for the Reform of the Security Token Issuance and Circulation Supervision System", planning to allow ST0 to be issued and circulated in the form of securities within the scope of the capital market law. Security Token (token-type securities) is not a "security token", so it is different from virtual assets.