South Korea's Financial Services Commission will study allowing cryptocurrency exchanges to participate in the STO market.

According to reports from Korean media outlet EDaily, the Korea Financial Services Commission stated that it will study options for allowing cryptocurrency exchanges to participate in the security token offering (STO) market, addressing issues such as market environment, investor protection, licensing system integration, and cross-business licensing. Lee Eok-won, Chairman of the Korea Financial Services Commission, expressed support for proposals to develop the STO market using existing exchange technology and trading infrastructure, emphasizing the need to integrate existing exchange technology and trading infrastructure into the security token market.