A number of South Korean firms are preparing to launch security token offering (STO)-related services this year. And they are hopeful that regulators will give them the green light to get started this month.

Busan Ilbo reported that a number of major domestic companies are now keenly awaiting industry guidelines from the nation’s top financial regulator – the Financial Services Commission (FSC).

The FSC is slated to make an announcement about STOs on January 19, although full details of the regulator’s intention may not become clear until later this month.

(By Tim Alper)