The South Korean National Assembly is reviewing a legislative bill on tokenized securities, which is expected to be passed after the presidential election

ChainCatcher news, according to Yonhap News Agency, it is reported by the financial investment community and political circles that the tokenized securities legislation (amendments to the Capital Markets Act and the Electronic Securities Act) currently under review in the South Korean National Assembly is expected to be passed after the presidential election. Presidential candidates Lee Jae-myung and Kim Moon-soo have both emphasized in their campaign promises the need to expedite the legislation for tokenized securities. The legalization bill for tokenized securities received unanimous agreement from both ruling and opposition parties during the 21st National Assembly, but failed to pass due to external factors such as a deadlock in the National Assembly.