According to Gate News bot, South Korea's parliament may be about to approve a draft tokenized securities bill that will eventually give South Korean companies the right to issue blockchain tokens linked to real estate, raw materials, livestock, and copyrighted works. Two bills proposing to institutionalize tokenized securities are under consideration by the Congressional Political Affairs Committee. The bill was drafted by MPs Min Byeong-deok and Kim Jae-seop. Since last December, when former President Yoon Suk-yeol tried unsuccessfully to impose martial law, the National Assembly has been effectively deadlocked. But with the inauguration of Democratic Party (DP) President Lee Jae-myung yesterday, the deadlock is expected to be broken. Democrats have an absolute majority in Congress. Senior party officials have repeatedly called on the Seoul Metropolitan Government to legalize the issuance of security tokens (STOs).

The South Korean National Assembly has reached a consensus on delaying the encryption tax on latency until 2027, marking the third postponement since it was first proposed in 2020. The largest opposition party, DP, has indicated its support for the government's plan in the full assembly vote. DP had proposed raising the annual tax threshold to 50 million Korean won and implementing the encryption tax in 2025, but did not receive support from the ruling party, PPP. The DP leader stated that the decision on latency was made 'after thorough discussion' and that more institutional preparations are needed to ensure the perfection of the tax system.

BlockBeats news, on October 26, DolphinWallet officially launched the global Node recruitment, building the DP mint ecosystem, introducing a new Token economic model, anchoring the value of its platform Token DP. The total issuance of DP is 100 million, of which 90 million will be minted, with a minting period of 3 years, resulting in a final Circulating Supply of 1000 after deflation.