South Korea Financial Services Commission launched a private-public joint consultative body on security tokens and held a kick-off meeting, tasking it with developing the detailed rules and market infrastructure needed for the amended security token legal framework due to take effect on February 4, 2027. Its work will be guided by three policy directions set out by the FSC chairman: building a scalable digital finance ecosystem by setting rules for the issuance, circulation and disclosure of security tokens, including non-traditional tokenised exposures; reassessing and, if necessary, upgrading investor protection mechanisms under the Financial Investment Services and Capital Markets Act to ensure they function appropriately in a security token environment; and preparing for future payment and settlement arrangements such as on-chain payments, reflecting overseas experiments with 24-hour and T+0 securities settlement using stablecoins. The consultative body will operate on an ongoing basis through four subdivisions covering technology and infrastructure, issuance, circulation, and payment and settlement, supported by an open pool of private-sector experts and advisors. Intensive discussions are slated for the first half of 2026, with frequent meetings planned ahead of the February 2027 effective date as subordinate regulations are updated and related infrastructure is established.
South Korea Financial Services Commission 2026-03-04
South Korea Financial Services Commission launches private-public consultative body to shape security token rules and infrastructure ahead of February 2027 law
The South Korea Financial Services Commission has launched a consultative body to develop rules and market infrastructure for the amended security token framework effective February 2027. The initiative aims to create a scalable digital finance ecosystem, reassess investor protection under the Financial Investment Services and Capital Markets Act, and prepare for future payment and settlement arrangements. The body will operate through four subdivisions with private-sector support, engaging in intensive discussions throughout 2026.