South Korea Urged To List Cryptocurrency ETFs Amid Global Trends

According to Odaily, the chairman of the South Korean exchange, Jung Eun-bo, has reiterated the call for the listing of cryptocurrency ETFs in South Korea, emphasizing the need to align with global financial market trends. In a recent interview in Seoul, Jung highlighted that South Korea ranks third globally in actual cryptocurrency trading volume, describing cryptocurrency as a sector capable of creating new value in the financial industry. He noted that the United States has already listed cryptocurrency futures and spot ETFs, which are actively traded, and stressed the urgency for South Korea to permit cryptocurrency ETF trading. Jung's comments come at a time when the South Korean stock market is facing challenges such as a declining investor base, excessive splits, and structural issues like 'zombie companies.' He underscored the importance of strengthening market regulation and enhancing transparency. His broader strategy includes initiatives to boost corporate value, protect minority shareholders, and expedite the delisting of non-viable companies. Regarding cryptocurrency ETFs, Jung believes their introduction would deepen the financial market and offer investors more regulated digital asset investment options.