**[South Korea Plans to Implement Security Tokenization Rules by 2027, Setting Capital Thresholds for Issuers and Retail Trading Limits]** Odaily Planet Daily reports that the South Korean Financial Services Commission has proposed regulatory guidelines for the issuance and trading of security tokens, aiming to allow stocks, bonds, funds, and certain fractionalized investment securities to be issued and circulated in tokenized form. The regulatory framework is scheduled to take effect on February 4, 2027. According to the proposal, security token issuers that directly manage customer accounts must have a minimum paid-in capital of 4 billion KRW and be equipped with dedicated compliance and technical personnel. Amendments to capital market regulations will also introduce new over-the-counter (OTC) bond trading licenses and limit retail investors' annual net purchases at each OTC exchange to 100 million KRW. The proposal will be open for public consultation from Friday to November 11, after which it will enter the approval process. Previously, South Korea announced a three-phase roadmap to transition securities issuance and trading to distributed ledger infrastructure. (Cointelegraph)