The Evolution of the Korean Digital Asset Regulatory Framework

Abstract

This presentation will provide an overview of the legal landscape surrounding digital assets such as cryptocurrencies and security tokens in Korea. It will examine key criminal cases involving digital assets and compare Korea’s regulatory approach to that of other jurisdictions such as the US and EU. The presentation will also discuss recent developments in Korea, including the Financial Services Commission’s guidelines for the issuance and distribution of security tokens and plans to allow STO (securities token offering). Additionally, it will explore the legal implications of hacking and bankruptcy on digital assets ownership rights and review differing perspectives on whether digital assets should be classified as a security or digital information.