Dunamu Vice Chairman: The tokenization of Korean stocks trading overseas is heartbreaking

According to a report by the Korean News Agency, Kim Hyung-nyeon, Vice Chairman of Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, stated at the digital asset policy conference "DICON" held in Yeouido, Seoul, that South Korea's representative stocks, Samsung Electronics and SK Hynix, can only be tokenized and traded on overseas exchanges, "This matter itself is very painful."

The report noted that as one of the co-founders of Dunamu, Kim Hyung-nyeon rarely speaks in public. He mentioned that there are many issues that need to be considered recently, and as long as the regulatory system is designed properly, Dunamu will do its best to become a global player representing South Korea. On the same day, Dunamu CEO Oh Kyung-sik stated in his opening speech that the digital asset industry is at a critical juncture where opportunities and challenges intertwine, and major countries have begun to view digital assets as important factors for financial innovation and national competitiveness.

During the discussion, ruling party member Min Byung-deok stated that the postponement of virtual asset taxation has made all parties clearly recognize the necessity of the "Basic Law on Digital Assets," which must be passed in this regular National Assembly session, no later than January 18 of next year. He also advocated for allowing institutions and legal entities to invest in virtual assets comprehensively, arguing that according to the spirit of the South Korean Constitution, individuals and legal entities should not be treated differently.