Bareun Law LLC Successfully Holds STO Seminar: "Institutionalization Phase, Regulatory Compliance and Payment Innovation Are Key"

Amendments to Capital Markets Act and Electronic Securities Act Passed by National Assembly
Proactive Strategies for Corporate Response

Bareun Law LLC announced on April 21 that it held a seminar titled "Token Securities (STO) Now Under Legal Framework: Current Status and Applications" at the Textile Center Building in Samseong-dong, Gangnam-gu, Seoul.

Attorney Lee Hyejun (from left), Chief Attorney Lee Donghun, Open Asset CEO Kim Kyungeop, Koscom Department Head Kim Wansung, and Attorney Choi Jinhyuk are posing for a commemorative photo. Barun

The seminar, which took place the previous day, was organized to proactively address practical issues and response strategies that companies may face in the actual commercialization of token securities, following the passage of the amendments to the Capital Markets Act and the Electronic Securities Act at the National Assembly plenary session in January.

The first presenter, Attorney Lee Hyejun, identified the core of this legal amendment as "establishing the institutional basis for the issuance and distribution of distributed ledger-based token securities." Attorney Lee emphasized, "For a company to directly issue and manage token securities, it must meet certain requirements regarding its own capital, personnel, and physical infrastructure," and advised, "Businesses should be designed in accordance with the upcoming enforcement decrees and guidelines."

Kim Kyungup, CEO of Openasset, highlighted the importance of 'payment infrastructure' for expanding the STO ecosystem. He diagnosed that the current domestic STO market operates under a 'half-automated' structure, where the delivery of securities is conducted on a distributed ledger, but payment settlement still relies on the existing banking network. He stressed, "To maximize the trading efficiency of token securities, it is essential to introduce a won-based stablecoin that enables real-time settlement."

Kim Wanseong, Department Head at Koscom, explained the process of transitioning the traditional over-the-counter trading system to an on-chain-based infrastructure and shared the direction of Koscom's integrated platform currently under development.

The final presentation was delivered by Attorney Choi Jinhyuk of Bareun, who analyzed the expanding cases of STO utilization, ranging from tangible assets such as real estate and artwork to intangible assets such as intellectual property (IP). Attorney Choi emphasized that "the essence of token securities is still 'securities', so the regulations of the Capital Markets Act, including the filing of securities reports, apply as they are," highlighting the importance of step-by-step legal risk management.

Bareun plans to further segment its dedicated STO team based on the outcomes of this seminar and to strengthen customized consulting for companies considering digital asset businesses.

This content was produced with the assistance of AI translation services.