Dunamu Vice Chairman: It Is Painful That Korean Stocks Can Only Be Tokenized and Traded Overseas

TechFlow report, November 10: According to Yonhap News Agency, Kim Hyung-nian, Vice Chairman of Dunamu, operator of South Korea's largest crypto exchange Upbit, said at the digital asset policy conference “DICON” held in Yeouido, Seoul, that South Korea's flagship stocks Samsung Electronics and SK Hynix can only be tokenized and traded on overseas exchanges. “This itself is deeply painful.” The report said that Kim Hyung-nian, one of Dunamu's co-founders, rarely speaks in public. He said there are many issues to consider recently, and as long as the regulatory framework is well designed, Dunamu will do its utmost to become a global player representing South Korea. On the same day, Dunamu CEO Oh Kyung-seok said in the opening remarks that the digital asset industry is at a critical period where opportunities and challenges intertwine, and major countries have begun to view digital assets as important factors for financial innovation and national competitiveness. In the same discussion, Min Byung-deok, a lawmaker of the ruling Democratic Party of Korea, said that the postponement of virtual asset taxation has made it clear to all parties that the Digital Asset Basic Act is necessary. The act must be passed during the current regular National Assembly session, no later than January 18 next year. He also advocated fully allowing institutional and corporate investment in virtual assets, arguing that under the spirit of the South Korean Constitution, individuals and legal entities should not be treated differently.

Source: TechFlow