{"id":5941,"date":"2025-01-03T13:48:00","date_gmt":"2025-01-03T13:48:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=5941"},"modified":"2025-01-03T13:48:00","modified_gmt":"2025-01-03T13:48:00","slug":"south-korea-to-explore-crypto-etfs-and-enable-security-token-issuance-in-2025","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=5941","title":{"rendered":"South Korea To Explore Crypto ETFs And Enable Security Token Issuance In 2025"},"content":{"rendered":"
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South Korea plans to explore cryptocurrency exchange-traded funds (ETFs) and allow companies to issue security tokens in 2025.\u00a0<\/span><\/p>\n

According to<\/span> local media reports<\/span><\/a>, the South Korean government is reportedly considering the introduction of cryptocurrency ETFs.\u00a0<\/span><\/p>\n

In addition to crypto ETFs, South Korea is preparing to enable companies to issue security tokens starting in 2025.\u00a0<\/span><\/p>\n

Related:\u00a0Crypto Trading In South Korea Surpasses Stock Market With $18 Billion In 24 Hour\u00a0<\/a><\/strong><\/p>\n

\u201cOur Market Showed Considerably Sluggishness Compared To Major Countries\u201d<\/b><\/h2>\n

Korea Exchange Chairman Eun-bo Jeong announced that he wants to explore new businesses such as virtual currency ETFs.<\/span><\/p>\n

Pointing out the difficulties South Korea faced in 2024, Chairman Chung said, \u201cLast year, our capital market went through considerable difficulties.\u201d He added, \u201cWhile the growth potential of our companies was weakened due to the contraction of the domestic economy and slowdown in exports, our market showed considerably sluggishness compared to major countries due to global conflicts and domestic political situations.\u201d\u00a0<\/span><\/p>\n

While the country aims to create new growth engine for the capital market, Chung said that the country will continue to \u201cbenchmark overseas cases for new businesses such as virtual currency ETFs and explore new areas in the capital market.\u201d<\/span><\/p>\n

\u201cThere is great uncertainty surrounding the Korean economy, but if we pool our wisdom with the National Assembly, government, exchange, and investment industry, our capital market will be able to leap forward as a more advanced market,\u201d Chung stated.<\/span><\/p>\n

Financial Services Commission Chairman Kim Byung-hwan said, \u201cWe will institutionalize STO (tokenized securities), fragmented investment platforms, and unlisted stock platforms to diversify the securities issuance and distribution system and promote the introduction of corporate growth collective investment vehicles (BDCs).\u201d\u00a0<\/span><\/p>\n

He added, \u201cWe will reorganize the entire system so that comprehensive financial investment businesses can be faithful to their original role of providing corporate finance and venture capital.\u201d<\/span><\/p>\n

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\"\ud83c\uddf0\ud83c\uddf7\" BULLISH: South Korea\u2019s Crypto Adoption Is Booming! <\/p>\n

\u2022 45% of economically active citizens own crypto (15.6M people).
\u2022 $69B held in digital assets; avg portfolio size: $4,400.
\u2022 100K new investors join the market every month.
\u2022 Top 5 exchanges trade $10B daily,\u2026 pic.twitter.com\/zvySzWuawh<\/a><\/p>\n

\u2014 Cointelegraph (@Cointelegraph) December 25, 2024<\/a><\/p>\n<\/blockquote>\n