[South Korean National Assembly Passes Token Securities (STO) Institutionalization Bill] According to Foresight News and Yonhap News Agency, the South Korean National Assembly today passed amendments to the *Capital Markets Act* and the *Electronic Securities and Bonds Registration Act* aimed at institutionalizing token securities (STO). The amendments introduce an issuer account management system, allowing qualified issuers to directly issue token securities using blockchain technology. This legislation seeks to enhance the security and practicality of securities through blockchain technology, providing a legal basis for the issuance and circulation of new digital securities. Additionally, the session addressed 11 other livelihood-related bills, including measures to expand information sharing on telecom fraud and tax exemptions for youth future savings.