Koscom CEO Yoon Chang-hyun stressed that stable issuance and distribution infrastructure, along with a solid regulatory framework, are essential for the successful establishment of the security token offering (STO) market.
Speaking at a welcoming address for the "Policy Seminar on Activating STO Issuance and Distribution and Advancing Digital Assets" held at the Bulls Hall of the Korea Financial Investment Association in Yeouido, Seoul, on Tuesday, Yoon said, "Security tokens can become a new innovation model for the capital markets." He added, "Market activation requires not only technology but also stable infrastructure and policy support working together."
The seminar was co-hosted by the Digital Convergence Industry Association (DCIA), the Korea Web3 Blockchain Association (KWBA), and the Blockchain Convergence Technology Forum (BCTF). It was organized to discuss STO business models, over-the-counter market development policies, and directions for fostering the digital asset industry.
Yoon explained that Koscom is expanding its role in building STO market infrastructure. "Koscom is pursuing the construction of a joint STO platform that can be utilized by various market participants," he said. "We will contribute to creating an STO ecosystem equipped with interoperability and efficiency."
He added, "We will also respond preemptively to global asset tokenization trends, such as stablecoin-based atomic settlement, and lead the way in preparing future-oriented digital financial infrastructure."
In his opening address, Kim Ki-heung, chairman of the DCIA, emphasized, "As the institutionalization of security tokens gains momentum in earnest, the role of capital market infrastructure institutions is becoming even more important." Lawmakers Min Byoung-dug and Lee Kang-il, who delivered congratulatory remarks, also mentioned the need for the development of the digital asset industry and institutional support.
At the seminar, Choi Kyung-seok, director of Fairsquarelab, and Park Sang-min, executive director of Vitoz, introduced the functions and role of the over-the-counter (OTC) market and AI-based autonomous payment stablecoins, respectively.
A panel discussion was also held, moderated by Chairman Kim and featuring officials from Koscom, the Korea Securities Depository, KB Securities, and the Korea Securities Finance Corp., along with academic experts. Participants discussed the STO issuance and distribution system, the activation of the OTC market, and directions for the development of the digital asset industry.
