[South Korea's STO System Implemented: Tokenized Securities to Include Stocks and Bonds, Off-Market Investment Limit Set at 100 Million KRW] According to a report by Jinse Finance on October 1, citing Yonhap News Agency, the South Korean Financial Services Commission has issued a legislative notice for amendments to subordinate regulations under the *Electronic Securities Act* and the *Capital Markets Act*, set to take effect on February 4 next year. The amendments expand the scope of tokenized securities (STO) to include traditional securities such as stocks, bonds, and funds, in addition to the previously covered fractional investment securities. For off-market trading platforms, debt securities have been added as permissible units alongside the existing non-listed stocks and non-monetary trust income securities. The annual net purchase limit for general investors has been set at 100 million KRW. Additionally, securities issuers will be allowed to directly manage accounts, provided they meet conditions such as a minimum self-owned capital of 4 billion KRW and the employment of account management and internal control IT specialists. The new regulations will be implemented following review on February 4 next year.