{"id":6078,"date":"2025-01-04T13:02:19","date_gmt":"2025-01-04T13:02:19","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6078"},"modified":"2025-01-04T13:02:19","modified_gmt":"2025-01-04T13:02:19","slug":"south-korea-to-reconsider-crypto-etfs-in-2025-amid-global-demand","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6078","title":{"rendered":"South Korea To Reconsider Crypto ETFs In 2025 Amid Global Demand"},"content":{"rendered":"
\n

On Thursday, the South Korea Stock Exchange chairman, Jeong Eun-bo, revealed their plan to \u201cexplore\u201d the approval of crypto-based exchange-traded funds (ETFs) to continue with its \u201cvalue-up program\u201d and face the ongoing market challenges.<\/p>\n

Korea Exchange To Explore Crypto ETFs<\/h2>\n

On January 2, Jeong Eun-bo announced<\/a> the Korea Exchange\u2019s plan to explore crypto-based ETFs this year at the 2025 Securities and Derivatives Market open ceremony. The Chairman stated that the South Korean capital markets faced significant challenges in 2024, which has weakened the growth potential of local companies.<\/p>\n

Jeong also noted that global conflicts and domestic political developments made the market \u201csignificantly sluggish compared to major countries.\u201d The South Korean market will continue facing risks this new year as \u201cthe domestic and global economic conditions are unfavorable.\u201d<\/p>\n

Nonetheless, the Chairman explained that the exchange will continue promoting its value-up program to \u201cengage more leading companies and establish a management culture centered on shareholder value.\u201d<\/p>\n

Moreover, Jeong revealed that the Korea Exchange will \u201cbenchmark overseas cases for new business avenues such as crypto ETFs and explore new territory in the capital market.\u201d<\/p>\n

It\u2019s worth noting that crypto ETFs have been banned<\/a> in South Korea since 2017. The country\u2019s regulator, the Financial Services Commission (FSC), reaffirmed its stance after the US Securities and Exchange Commission (SEC) approved the crypto-based investment products last year.<\/p>\n

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 and Ethereum ETFs, which surpassed<\/a> most experts\u2019 expectations in their first year.<\/p>\n

South Korea\u2019s Political Crisis Stopping New Regulations<\/h2>\n

The Korea Exchange\u2019s chief previously called<\/a> for crypto\u2019s institutionalization in the country to \u201ccreate added value.\u201d 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.<\/p>\n

The Chairman added that South Korea should consider incorporating digital assets into institutional finance, as the market needs revitalization to compete with other countries.<\/p>\n

The regulator\u2019s current\u00a0stance on digital assets has made the market fail to cross various regulatory thresholds for years, challenging the market\u2019s development and competitiveness. However, crypto-related regulations will be halted\u00a0until the political crisis resolution, which could take a few months.<\/p>\n

In December, South Korean President Yoon Suk Yeol declared<\/a> the first emergency martial law in four decades. Yoon accused the country\u2019s opposition Democratic party, which has a majority in the National Assembly, of sympathizing with North Korea and anti-state activities.<\/p>\n

The National Assembly voted to nullify the President\u2019s declaration and successfully ended the emergency martial law in six hours. Since then, the Assembly has impeached Yoon and Prime Minister Han Duck-soo, who became acting president after Yoon\u2019s powers were suspended.<\/p>\n

According to Associated Press reports<\/a>, South Korea\u2019s presidential security service prevented authorities from detaining Yoon today in a six-hour stand-off at the impeached President\u2019s residency.<\/p>\n

As a result, the anti-corruption agency plans to \u201cstrongly demand\u201d that the current acting leader, Deputy Prime Minister Choi Sang-mok, instruct the service to comply with the detention warrant\u2019s execution.<\/p>\n

The Constitutional Court 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.<\/p>\n

\"crypto,<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

On Thursday, the South Korea Stock Exchange chairman, Jeong Eun-bo, revealed their plan to \u201cexplore\u201d the approval of crypto-based exchange-traded funds (ETFs) to continue with its \u201cvalue-up program\u201d and face the ongoing market challenges. Korea Exchange To Explore Crypto ETFs On January 2, Jeong Eun-bo announced the Korea Exchange\u2019s plan to explore crypto-based ETFs this […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-6078","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6078"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6078\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}