South Korea has advanced its regulatory framework for Security Token Offerings (STOs) with the first reading approval of amendments to the Electronic Securities Act and Capital Markets Act. The legislation aims to integrate blockchain distributed ledger technology into the electronic registration system, setting the stage for a regulated STO market. If the bill is approved in December, the framework is expected to be operational by early 2026, facilitating the tokenization of real-world assets such as real estate and art. This development marks a significant regulatory milestone for South Korea's crypto industry.