The National Assembly of South Korea is reviewing the tokenization of securities legislation, which is expected to be passed after the presidential election.

According to Foresight News and reports from the Korean News Agency, the tokenization securities legislation (amendments to the Capital Market Act and Electronic Securities Act) currently under review in the Korean National Assembly is expected to be passed after the presidential election. Presidential candidates Lee Jae-myung and Kim Moon-soo have both emphasized in their campaign promises the need to expedite the token securities legislation policy. The legalization bill for token securities had received unanimous agreement from both ruling and opposition parties during the 21st National Assembly, but was not passed due to external factors such as a deadlock in the National Assembly.

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