Shinhan Investment Corp. will begin to establish a private agreement group related to security tokens

ChainCatcher news, according to a report by Yonhap Infomax, a financial news department under the Korea Economic Daily, Shinhan Investment Corp. is set to establish a private agreement group related to Security Token Offerings (STO) as early as next week, possibly named the "STO Alliance." This group will include member companies directly or indirectly related to STO business, aiming to coordinate and communicate with authorities.

ChainCatcher previously reported that South Korea will allow the issuance of security tokens, with the STO issuance and circulation guidelines expected to be announced earlier this month. (Source link)