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South Korea Brings Digital Assets Under Modernized State Asset Management System

2026-07-15 11:01:50

According to South Korea's Ministry of Economy and Finance (MOEF), the country adopted the National Asset Basic Act on Wednesday to modernize its state asset management system, explicitly including digital assets and intellectual property for the first time, replacing the outdated State Property Act of 1950.

The MOEF also reiterated plans to tokenize government bonds on blockchain as part of a 2027 pilot project, and plans to explore tokenization of state-owned real estate to encourage retail participation and share generated returns with the public.

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