The South Korean National Assembly is accelerating the review process of the Security Token Offering (STO) bill.

Foresight News reports that, according to Cryptonews, the South Korean National Assembly is accelerating the review process of the "Securities Token Offering Act." Two STO-related bills submitted by lawmakers Min Byeong-deok and Kim Jae-seop have entered the Administrative Committee discussion phase. The newly elected Democratic Party President Lee Jae-myung explicitly supports the legalization of STOs, which may break the legislative deadlock that has persisted since December last year.