The Financial Investment Association said it welcomed the National Assembly’s political affairs committee approving amendments that establish legal grounds for issuing and trading security tokens. The group noted that both ruling and opposition lawmakers introduced the bills and passed them by agreement. It said demand for issuing and trading non‑standard securities has risen with blockchain‑based fractional investments. The amendments recognise electronic registration of security tokens and provide regulatory grounds for STO introduction and trading. Chairman Seo You‑seok said STOs could broaden fundraising for innovative and venture firms and pledged cooperation with regulators.

KB Kookmin Bank will provide around 50 billion won in loans to small and medium-sized enterprises that newly adopt retirement pension schemes. The programme follows a May agreement with the Ministry of Employment and Labor and Korea Credit Guarantee Fund. The bank will contribute 1.6 billion won in special funds and 400 million won in guarantee fee support to back guarantee loans. Firms that adopted the plans after January 1 last year and have maintained them for at least one month are eligible.