South Korea must approve crypto ETFs or risk falling behind, says Korea Exchange chairman

South Korea is expected to introduce negotiated funds in exchange for cryptocurrency to remain competitive in Global Finance, according to the president of the Korea Exchange (KRX).

In a recent interview In Seoul, President Jung Eun-Bo pointed out that with South Korea being the “third trading country of cryptocurrency”, delaying cryptographic ETF could leave it behind the world markets that are already advancing.

He underlined the United States, where future and Bitcoin Spot ETF are “available and actively negotiated”, as an example of how other markets adopt change. Jung added that the Crypto ETF could bring new opportunities to the country’s financial sector.

“Cryptocurrency represents a sector capable of generating new value in the financial sector […] We must not delay the introduction of trading in cryptocurrency ETF, “said Jung.

In February 2025, the American market had a total of 20 products negotiated in exchange for cryptocurrencies, including both points-based and future offers. This includes 12 ETF Bitcoin Spot, 8 ETF of Bitcoin strategy and 9 ETF Ethereum Spot.

Beyond Bitcoin and Ethereum, the ETF Crypto ETF landscape is expansion To include other digital assets. Asset managers have laid Applications for ETF targeting cryptocurrencies like Solana, XRP and even coins like Dogecoin.

Jung’s comments arise at a time when the financial sector of South Korea is struggling with various challenges, including an investor base in narrowing and what he called “zombie companies” – companies that survive on borrowed funds.

He thinks that the adoption of cryptocurrency FNB could enrich the market by offering investors a safer and more regulated means of accessing digital assets. According to him, the introduction of FNB Crypto aligns with its objective of modernizing the country’s financial landscape.

Jung has also weighed on regulations, warning that excessive legislation could stifle innovation on the market. He also put pressure to alleviate restrictions on investment in pension funds in shares, arguing that too strict limits on high -risk assets could harm long -term yields.

As before reported By crypto.News, Jung pushed to explore the cryptocurrency FNB after the South stock market was thrown into chaos and saw a massive exodus of investors after the failed attempt by President Yoon Suk-Yol to declare martial law. Speaking during the opening ceremony of the securities and derivatives market, Jung argued that South Korea must explore new commercial sectors.

In October, local media reported that the South Korean regulators planned to approve the cryptographic ETFs but did not provide a specific calendar. Earlier in the year, the governor of financial services, Lee Bok-Hyun, subject to During the ongoing discussions on the opportunity to allow Bitcoin ETF in South Korea.