Ajou Economic Daily exclusively reported that the Insurance Training Institute's expansion of new digital asset-based businesses has been halted as financial authorities have not granted permission. The Insurance Training Institute submitted an application to the Financial Services Commission on February 9 for a change in its articles of incorporation, primarily focused on 'issuing educational tokens' and 'establishing and investing in an AI subsidiary,' but has not yet received approval. Analysts suggest that pursuing an amendment to the articles of incorporation, premised on token issuance, is somewhat premature given that the Digital Asset Basic Act, which includes requirements for stablecoin issuance, has not yet been enacted. Furthermore, there is debate over whether expanding profit-generating businesses through token issuance or subsidiary establishment aligns with the institute's original purpose. The Insurance Training Institute maintains that there are no issues as the related businesses are being reviewed within the regulatory framework.
