South Korea to Classify Tokenized Stocks as Securities, Paving Way for Taxation South Korea’s tax authorities have firmly stated that tokenized stocks will be classified as securities rather than tax-exempt virtual assets, paving the way for immediate taxation as early as the second half of this year. Pending @fsckorea final regulatory guidelines expected in July, @mofekorea (MOFE) emphasized that the economic reality of tokenized equities falls strictly under the Capital Markets Act, subjecting them to dividend income tax regardless of where they are issued. To effectively enforce this, the MOFE and the National Tax Service are actively establishing an information-exchange framework with overseas agencies like the US IRS to track transactions on offshore platforms. This major regulatory shift arrives just as the tokenized stock market—driven by investors seeking tax-free exposure to major US tech shares like $TSLA and $NVDA — has surged 115% year-to-date to hit $1.46 billion.