Odaily Planet Daily reports that the South Korean Financial Services Commission stated it will operate the Digital Asset TF until 2028 to prepare for the formulation and implementation of the Digital Assets Basic Act, including advancing the legislative preparation of subordinate regulations and building digital asset ecosystem infrastructure.
The Financial Services Commission of Korea stated that the existing digital asset regulatory framework has primarily focused on combating illegal activities and preventing investor losses, but still lacks sufficient institutional development in areas such as business operations, disclosure requirements, and the issuance and circulation of assets at the industry and market levels. The Commission plans to determine the key provisions of the Digital Assets Basic Act by the end of 2026 through consultations with the Virtual Asset Committee and political parties and the government, and to advance the establishment of a more comprehensive and robust regulatory system.
South Korea is advancing the development of its digital assets ecosystem, with plans to strengthen infrastructure around institutions such as associations. Legislation to institutionalize security token (ST) frameworks was approved by parliament in January 2026 and is scheduled to take effect in February 2027. The Financial Services Commission will continue refining subordinate regulations and supporting systems.