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Odaily News: South Korea's Financial Services Commission has proposed regulatory guidelines for the issuance and trading of security tokens, planning to allow stocks, bonds, funds, and certain fractionalized investment securities to be issued and circulated in token form. The related regulatory framework is scheduled to take effect on February 4, 2027.According to the proposal, securities token issuance companies that directly manage customer accounts must have paid-in capital of at least 4 billion Korean won and be equipped with dedicated compliance and technical personnel. The revision of capital market regulations will also introduce a new license for over-the-counter bond trading and limit retail investors' annual net purchases at each OTC exchange to within 100 million Korean won.The proposal will be open for public comment from Friday to November 11, after which it will enter the approval process. South Korea previously announced a roadmap to advance the shift of securities issuance and trading to distributed ledger infrastructure in three phases. (Cointelegraph)
According to South Korean media Daum, after South Korean financial regulators raised the investment threshold for single-stock leveraged products, South Korean retail investors began adjusting their overseas investment portfolios, reducing holdings of high-leverage products and shifting to directly buying underlying US stocks. Data shows that since the minimum cash margin for single-stock leveraged products was raised to 30 million Korean won on August 1, significant capital outflows have occurred in Tesla's 2x leveraged product TSLL. South Korean investors still net bought approximately $14.58 million worth of TSLL on August 3, but on August 4, the buying amount plummeted to $1.56 million, while the selling amount rose to $8.68 million, turning to a net sell of $7.11 million for the day.