Overview
- The FSC this week published subordinate‑rule proposals that would let stocks, bonds and investment funds be issued and traded as tokenized securities and opened a public comment period from Oct. 2 to Nov. 11.
- The rules keep tokenized instruments inside current securities law and require distributed ledgers to link with the Korea Securities Depository and be shared with at least two account‑management entities for record keeping and resilience.
- Retail investors would face an annual net purchase cap of KRW100 million on each licensed over‑the‑counter token trading platform as an investor‑protection measure.
- Companies that want to act as issuer account managers must hold at least KRW4 billion in equity and employ specified compliance and IT staff to register and operate customer accounts.
- The measures set a phased rollout that begins when amended laws take effect on Feb. 4, 2027, limited at first to privately pooled money‑market funds, institutional bonds, trust‑based unlisted shares and publicly offered fractional products while wider use and on‑chain settlement with stablecoins await pilot results and separate legislation.