South Korea designates digital asset ecosystem as national goal, eyes Feb. 2027 for Security Token Act

The South Korean government has officially designated "building a digital asset ecosystem" as its 48th national objective, according to a report on the performance of its 123 national tasks released on May 26. The report highlighted several achievements since the current administration took office, including: - Allowing non-profit corporations and virtual asset exchanges to sell virtual assets in June 2025 - Initiating full-scale discussions on a basic act for digital assets in the second half of 2025 - Launching a 'Security Token Council' in March 2026 The government also added that the Security Token Act is scheduled for implementation in February 2027 and that it will pursue the establishment of a regulatory framework for stablecoins in the near future.