South Korea will build a small merchant credit model and STO financing mechanism to explore data-driven financial reforms
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最新报道：According to the news from Bijie.com, on July 26 (UTC+8), the Financial Services Commission of South Korea announced that it would establish a "credit evaluation system for small merchants" and explore new financing channels for small and micro enterprises through token securities (STO). This measure is the first public policy action taken by Vice Chairman Kwon Dae-young since he took office, and has been praised by President Lee Jae-myung. The Financial Services Commission plans to introduce AI and data models to improve the accuracy of credit evaluations, and promote the construction of a one-stop financial service platform "My Business Data", covering the stages of entrepreneurship, operation, closure and re-entrepreneurship. In addition, platform parties such as Hana Securities stated that STO can help small merchants display projects to the public and distribute profits, which is expected to expand financing sources and improve investment transparency. (Source: Blockchain Today)
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