South Korea plans to explore crypto ETFs and let firms launch security tokens in 2025

South Korean Stock Exchange President Jeong Eun-bo said the exchange wants to ‘explore’ crypto spot ETF approval in 2025. The country’s FSC also wants to allow companies to launch security token offerings.

According to South Korean media outlet The Fact, Jeong spoke at the Securities and Derivatives Market Opening Ceremony 2025 about his desire to explore the approval of funds traded on cryptocurrency exchanges.

In his speech, he explained how the political crisis in South Korea, following President Yoon Suk-yeol’s failed attempt to declare martial law, had thrown the slowing stock market into chaos. Exhausted traders and investors quickly sold off their assets in what appeared to be a mass exodus from stock markets.

In the wake of this turmoil, the President believes that the country should explore new business sectors, starting with alternative assets in the form of crypto ETFs.

“We will benchmark overseas cases for new businesses such as cryptocurrency ETFs and explore new areas in the capital market,” Jeong said, adding that he also plans to continue supporting South Korea’s corporate valuation program, which helps investors analyze the performance of their companies. to increase value.

By exploring new business avenues such as crypto ETFs, Jeong hopes it will be attractive enough to bring back domestic and foreign investors who have left the market.

Financial Services Commission Chairman Kim Byung-hwan also spoke at the ceremony. He expressed willingness to allow companies to launch security token offerings in 2025. Companies in South Korea have been waiting for years to get the green light to issue STOs.

He explained that the agency plans to take measures to improve the IPO system and strengthen listing-delisting procedures for companies wishing to launch their own security tokens. The institution aims to ensure that public offering prices remain rational.

“We will institutionalize STOs, segmented investment platforms and stock platforms to diversify the securities issuance and distribution system to increase collective investment instruments of corporate growth,” Kim said.

Based on these statements, the Korean exchange and the FSC are willing to follow the advancements in crypto regulations to legitimize the industry. As previously reported by crypto.news, South Korea’s Stock Exchange President urged lawmakers to move quickly to institutionalize the crypto industry or risk falling behind other countries.

Unfortunately, lawmakers decided to scrap crypto-related regulations and “put them on hold” until President Yoon Suk-yeol’s impeachment is complete. At the time of this writing, a Seoul court had issued a warrant for Yoon’s arrest after he failed to appear for questioning three times. However, the arrest was canceled because security blocked the road to Yoon’s mansion.