STOs emerge as key engine for pushing Kosdaq toward 3,000 level

STOs emerge as key engine for pushing Kosdaq toward 3,000 level

Security tokens are emerging as a key engine to push the Kosdaq past the 3,000-point milestone following the realization of President Lee Jae Myung’s campaign pledge to lift the KOSPI above 5,000 points, according to National Assembly and industry officials on Tuesday. The government and the ruling Democratic Party of Korea (DPK) are reviewing measures to foster corporate finance-oriented security token offerings (STOs) as a way to expand capita…