South Korea to bring digital assets under new state asset management system
South Korea plans to adopt the National Asset Basic Act to update the countrys state asset management system from the outdated State Property Act of 1950. The Ministry of Economy and Finance (MOEF) hopes to modernize the management of national assets and explicitly includes digital assets and intellectual property, broadening the definition of state assets, the MOEF announced during a briefing at the Presidents Blue House on Wednesday. As part of the reform, the ministry also reiterated plans to tokenize government bonds on a blockchain to reduce transaction, as part of a 2027 pilot project. It also plans to explore the tokenization of state-owned real estate to encourage retail participation and share part of the generated returns with the public. The move represents a significant regulatory development for South Korea, which has one of the worlds most active retail crypto markets. The framework seeks to shift the management of state-owned property from a legacy, real estate-focused framework to a new model focused on value creation.Report from South Korea’s Ministry of Finance and Economy. Source: mofe.go.kr Seoul moves closer to CBDC, blockchain economy On Tuesday, South Koreas government unveiled its 2026 Economic Growth Strategy for the Second Half, which includes plans to conduct a 2027 pilot