Korea to Advance Crypto ETFs and Token Securities, Chairman Pledges Support

In a recent announcement during a New Year's conference held in Yeouido, Seoul, Yoo Seok-Seo, the chairman of the Korea Financial Investment Association, expressed strong support for the institutionalization of token securities and the approval of cryptocurrency ETFs in South Korea. This move aims to align Korea's financial product offerings with global markets like the United States, Hong Kong, and Canada, where Bitcoin and Ethereum spot ETFs are already being traded.Highlighting the importance of keeping pace with global financial innovations, Yoo emphasized the need for South Korea to introduce and develop Bitcoin or Ethereum ETFs as mainstream financial products. He stated that he will continue to advocate for the necessary regulatory approvals from financial authorities to ensure South Korea remains competitive in the evolving digital asset space.