The Federation of Korean Industries (FKI) recommended to the government the enactment of the Digital Asset Basic Act for the expansion of Security Token Offerings (STO). According to Digital Asset, FKI stated on the 6th, during the 'Task Force for Strengthening Service Industry Competitiveness TF·FKI Service Industry Competitiveness Strengthening Committee Joint Meeting' chaired by Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol, that "While amendments to the Electronic Securities Act and Capital Markets Act for the introduction of STO and distribution of investment contract securities are scheduled to take effect in January 2027, discussions on payment methods are insufficient." They added, "Countries like the U.S., Japan, and Germany utilize stablecoins optimized for STO as primary distribution and payment methods, but in Korea, even related legislative plans are indefinitely postponed."
