South Korea• Республика Корея To Reconsider Crypto ETFs
In 2025 Amid
Global Demand
South Korea• Республика Корея To Reconsider Crypto ETFs In 2025 Amid Global Demand
by Rubmar Garcia
3 minutes ago
in Crypto News
0
On Thursday, the South Korea• Республика Корея Stock Exchange• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Биржи » Фондовые биржи
• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Фондовый рынок » Фондовые биржи chairman, Jeong Eun-bo, revealed
their plan to “explore” the approval of crypto-based exchange-traded funds
(ETFs) to continue with its “value-up program” and face the ongoing market
challenges.
Related Reading: Indonesia Rushes To Finalize Crypto Oversight Transfer Ahead
of Jan. 12 Deadline – Report
Korea Exchange To Explore Crypto ETFs
On January 2, Jeong Eun-bo announced the Korea Exchange’s plan to explore
crypto-based ETFs this year at the 2025 Securities and Derivatives Market open
ceremony. The Chairman stated that the South Korean• Республика Корея capital markets faced
significant challenges in 2024, which has weakened the growth potential of
local companies.
Jeong also noted that global conflicts and domestic political developments
made the market “significantly sluggish compared to major countries.” The
South Korean• Республика Корея market will continue facing risks this new year as “the domestic
and global economic conditions are unfavorable.”
Nonetheless, the Chairman explained that the exchange will continue promoting
its value-up program to “engage more leading companies and establish a
management culture centered on shareholder value.”
Moreover, Jeong revealed that the Korea Exchange will “benchmark overseas
cases for new business• Экономика » Бизнес avenues such as crypto ETFs and explore new territory
in the capital market.”
It’s worth noting that crypto ETFs have been banned in South Korea• Республика Корея since 2017.
The country’s regulator, the Financial Services• Экономика » Финансы » Финансовые услуги
• Сфера услуг » Финансовые услуги Commission (FSC), reaffirmed
its stance after the US Securities and Exchange Commission• Экономика » Финансы » Финансовое регулирование » Органы финансового регулирования » Комиссия по ценным бумагам и биржам США
• Объект организация » Организации по алфавиту » Организации на Ко » Комиссия по ценным бумагам и биржам США (SEC• Экономика » Финансы » Финансовое регулирование » Органы финансового регулирования » Комиссия по ценным бумагам и биржам США
• Объект организация » Организации по алфавиту » Организации на Ко » Комиссия по ценным бумагам и биржам США) approved the
crypto-based investment products last year.
However, the financial watchdog announced in October that the newly formed
advisory group for discussing digital asset policies would review the ban,
signaling an apparent shift from the strict regulation. This shift seems to be
influenced by the success of spot Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs, which surpassed
most experts’ expectations in their first year.
South Korea• Республика Корея s Political Crisis• Политика » Политические кризисы Stopping New Regulations
The Korea Exchange’s chief previously called for crypto’s institutionalization
in the country to “create added value.” Jeong stated that lawmakers and
financial institutions should look at digital assets differently, arguing that
the industry has grown and become considerably influential in recent years.
The Chairman added that South Korea• Республика Корея should consider incorporating digital
assets into institutional finance, as the market needs revitalization to
compete with other countries.
The regulator’s current stance on digital assets has made the market fail to
cross various regulatory thresholds for years, challenging the market’s
development and competitiveness. However, crypto-related regulations will be
halted until the political crisis• Политика » Политические кризисы resolution, which could take a few months.
In December, South Korean• Республика Корея President Yoon Suk Yeol declared the first emergency• Государство » Национальная безопасность » Чрезвычайная ситуация (ЧС)
• Безопасность » Национальная безопасность » Чрезвычайная ситуация (ЧС)
martial law• Военные конфликты in four decades. Yoon accused the country’s opposition Democratic
party, which has a majority in the National Assembly, of sympathizing with
North Korea• Корейская Народно-Демократическая Республика (КНДР) and anti-state activities.
The National Assembly voted to nullify the President’s declaration and
successfully ended the emergency• Государство » Национальная безопасность » Чрезвычайная ситуация (ЧС)
• Безопасность » Национальная безопасность » Чрезвычайная ситуация (ЧС) martial law• Военные конфликты in six hours. Since then, the
Assembly has impeached Yoon and Prime Minister Han Duck-soo, who became acting
president after Yoon’s powers were suspended.
According to Associated Press• Объект организация » Организации по алфавиту » Организации на Ас » Ассошиэйтед Пресс reports , South Korea• Республика Корея s presidential
security service prevented authorities from detaining Yoon today in a six-hour
stand-off at the impeached President’s residency.
As a result, the anti-corruption agency plans to “strongly demand” that the
current acting leader, Deputy Prime Minister Choi Sang-mok, instruct the
service to comply with the detention warrant’s execution.
The Constitutional Court• Государство » Государственное устройство » Судебная власть » Конституционные суды
• Государство » Законы и право » Конституционное право » Конституционные суды
• Государство » Законы и право » Теория государства и права » Отрасль права » Конституционное право » Конституционные суды
• Политология » Формы государства » Государственное устройство » Судебная власть » Конституционные суды is set to determine whether to remove Yoon from
office or reinstate him. To remove him, at least six justices on the
nine-member court must vote in favor.
Related Reading: Montenegro Extradites Do Kwon: Authorities Hand Terra Founder
Over To The FBI
Total crypto market capitalization is at $3.41 trillion in the one-week chart.
Source: TOTAL on TradingView
Featured Image from Unsplash.com, Chart from TradingView.com