The South Korean STO bill passed the initial review in Congress, and the token securities circulation market may be welcomed in the first half of next year.

BlockBeats news, on November 24, according to Naver, South Korea's electronic securities law and capital market law amendment to promote the institutionalization of Security Token Offerings (STO) has passed the bill review committee of the National Assembly's Administrative Committee, laying the foundation for the launch of the STO circulation market in the first half of next year. The amendment intends to officially integrate Blockchain Distributed Ledger technology into the electronic registration system, allowing issuers to register and manage token securities based on the distributed ledger as electronic securities; at the same time, it will incorporate small-scale OTC Trading platforms such as investment contract securities and non-monetary trust income securities into regulation, providing a basis for the legitimate operation of fragmented investment exchanges. If the bill is finally passed at the National Assembly's plenary session next month, the tokenization and circulation of various physical assets such as real estate, artworks, and music copyrights can take place within a regulatory framework.