Dunamu Vice Chairman: Heartbreaking That Tokenized Korean Stocks Are Traded Overseas

On November 10, according to Yonhap News Agency, Kim Hyung-nyeon, vice chairman of Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, stated at the "DICON" digital asset policy conference held in Yeouido, Seoul, that representative Korean stocks such as Samsung Electronics and SK Hynix can only be tokenized and traded on overseas exchanges, describing it as "a deeply regrettable fact in itself."
The report noted that as one of Dunamu's co-founders, Kim rarely makes public statements. He remarked that numerous pressing issues require consideration, and if the regulatory framework is properly designed, Dunamu will make every effort to become a global player representing South Korea. On the same day, in his opening remarks, Dunamu CEO Oh Kyung-seok stated that the digital asset industry is at a critical juncture where opportunities and challenges are intertwined, noting that major countries have begun to view digital assets as important factors in financial innovation and national competitiveness.
During a panel discussion at the event, Min Byeong-deok, a lawmaker from the ruling Democratic Party of Korea, stated that the postponement of virtual asset taxation has made all parties clearly recognize the necessity of the Digital Asset Basic Act, which must be passed during the current regular session of the National Assembly, no later than January 18 next year. He also advocated for fully permitting institutional and corporate investment in virtual assets, arguing that in accordance with the spirit of the South Korean Constitution, individuals and legal entities should not be subject to differential treatment.