South Korea’s Financial Services Commission (FSC) published a press release on 6 February to provide guidance on classifying certain digital assets as security tokens. For instance, it includes a token that represents an equity interest in the business operation, gives holders the right to dividends and to claim distribution of the company’s remaining assets, or allocates the business’s profit to investors. Digital assets falling within the definition of security token would be subject to the country’s Capital Markets Act, while other assets will be governed by other upcoming regulations.