Foresight News news. South Korea's Financial Services Commission (FSC) decided to formulate guidelines for the issuance and circulation of security tokens within this year, and to start formulating relevant regulations next year. The South Korean Financial Services Commission will hold a seminar in Yeouido, Seoul today, to solicit opinions from experts and stakeholders with the Financial Supervisory Service on the direction of the security token issuance and circulation regulatory system. The relevant person in charge of the FSC said, "Before the legal foundation is perfect, we will first create a pilot market through the financial regulatory sandbox, so as to move towards institutionalization."