Chairman Lee Eog-weon of the Financial Services Commission presided over the kick-off meeting of the newly launched private-public joint consultative body on security token on March 4. At the meeting, Chairman Lee outlined three key policy directions on security token—(a) establishing an innovative digital finance ecosystem equipped with both diversity and scalability, (b) ensuring an investor protection framework tailored to the specific characteristics of security token (blockchain technology), and (c) preparing for future securities payments system, such as on-chain payments. The joint consultative body on security token will be operated on an ongoing basis with four subdivisions—(a) technology and infrastructure, (b) issuance, (c) circulation, and (d) payment and settlement. To facilitate the gathering of more wide-ranging opinions, an open pool of private sector experts and advisors will also be operated.