$BTC Security Token Guide: On February 5, 2023, the Financial Services Commission issued guidelines for the regulation of the issuance and circulation of security tokens, which are planned to be implemented before the second half of 2024. The aim is to incorporate security tokens recorded on distributed ledgers into the regulation of the Capital Markets Act, simplify the securities issuance process, while introducing a digital securities market on the Korea Exchange, establishing OTC brokers, and differentiating the authorization requirements for over-the-counter trading intermediaries to revitalize unconventional securities trading.