The South Korean National Assembly has approved amendments to the Capital Markets Act and the Electronic Securities Act, establishing a regulatory framework for security tokens (STOs). These changes, reported by PANews on January 15, introduce the concept of distributed ledgers, allowing qualified issuers to manage tokenized securities via electronic registration. A new "Issuance Account Management Institution" will oversee this process. The amendments also extend the Capital Markets Act to cover atypical securities, such as investment contracts, permitting their trade in the over-the-counter market through a newly established brokerage business. The revised Capital Markets Act is effective immediately, with investment inducement guidelines and over-the-counter trading provisions set to take effect six months and one year after promulgation, respectively.