Korea Securities Depository formalizes token security, e-meeting departments

The Korea Securities Depository (KSD) has formalized its departments dedicated to token securities (ST) and electronic shareholder meetings, converting them from temporary task forces into permanent organizational units, iNews24 reported. The move comes as South Korea prepares for the implementation of new systems for these assets. According to the report, the existing Innovative Finance Department has been reorganized into the Token Securities Department. This new division will be responsible for building a platform to manage the total volume of token securities and developing methods to accommodate the tokenization of traditional securities.