South Korea's Financial Services Commission announced that the public comment period for amendments to the Electronic Securities Act and Capital Markets Act regarding securities tokenization ends November 11, with implementation scheduled for February 4, 2027. The regulatory framework proposes a phased expansion of tokenization to traditional securities including stocks, bonds, and funds, beginning with private money market funds for institutional investors, private bonds, trust-based unlisted stocks, and publicly issued fractional investment securities. Public bonds and funds targeting retail investors will be introduced gradually following an evaluation of initial market operations. Regulators plan to establish approval standards for bond over-the-counter exchanges serving retail participants, proposing an annual net purchase cap of 100 million won per exchange. Settlement will initially rely on the existing cash system through the Korea Securities Depository, while on-chain delivery via stablecoins awaits further legislative development.