Korea Economic Research Institute Proposes Digital Asset Law to Boost STO Adoption on July 6

According to the Korea Economic Research Institute (한경협), on July 6, the organization proposed the enactment of a Digital Asset Basic Law to the government to accelerate STO (Security Token Offering) adoption. The proposal was made during a joint conference held in Seoul with Vice Premier and Finance Minister Gu Yoon-chul, attended by representatives from the Ministry of Culture, Sports and Tourism, Ministry of Agriculture, Food and Rural Affairs, Ministry of Industry, Trade and Energy, Financial Services Commission, and about 30 participants.

The Institute highlighted that content-based STO issuance is expanding in the culture industry, with creators issuing copyright and revenue rights as STOs to receive proportional future revenue returns. However, the foundational Digital Asset Promotion Basic Law remains delayed. While electronic securities law and capital market law amendments are scheduled for implementation in January 2027, the Institute noted that Korea lacks legislation for stablecoin settlement mechanisms—unlike the United States, Japan, and Germany, which already use STO-optimized stablecoins for distribution and payments.