South Korean finance ministry views tokenized stocks as securities, hints at H2 taxation

An official from South Korea's Ministry of Strategy and Finance stated that the government currently views tokenized stocks as securities, adding that they could be taxed immediately under the Capital Markets Act if the Financial Services Commission (FSC) concurs, Bloomingbit reported on June 12. The outlet noted that if the FSC clarifies the legal status of tokenized stocks in its upcoming guidelines on security tokens, scheduled for release this July, taxation could begin as early as the second half of this year.