South Korea is preparing to take a major step toward a more open crypto future. The ruling People Power Party has announced plans to legalize ETF trading linked to Bitcoin and Ethereum — and it could happen before the end of this year.


Korea Doesn’t Want to Fall Behind: Joins Global Leaders

According to Representative Park Soo-min, it’s high time for South Korea to catch up with global leaders like the U.S., Hong Kong, and the U.K., which have already approved spot crypto ETFs.

"Korea can’t afford to wait any longer," Park emphasized.


📊 Bitcoin and Ethereum ETFs for Both Retail and Institutional Investors

For the first time ever, South Korean investors will legally access ETFs directly tied to cryptocurrencies.

This will open the market to individuals as well as institutions and publicly listed companies.

In the second quarter of this year, up to 3,500 companies and institutions (including 1,000 investment firms and 2,500 publicly listed companies) are expected to be officially incorporated into the crypto market without previous restrictions.


🔓 End of the "One Exchange, One Bank" Rule

Another major breakthrough is the abolition of the rule that limited crypto exchanges in South Korea to working with just one bank.

Originally designed to combat money laundering and fraud, the government now recognizes that it severely restricted market development.

Going forward, crypto exchanges will be able to partner with multiple banks, enhancing competition and user services.


🏛️ New Legislation: STOs, Stablecoins, and Crypto Taxes

The reforms also include a draft for a comprehensive Security Token Offering (STO) law and regulations for stablecoins that align with global standards.

Additionally, a new taxation framework for cryptocurrencies is being developed.

Representative Park stated:

"We won’t let outdated regulations hinder the growth of digital assets that can drive financial innovation."



⚙️ A New Crypto Committee Under Presidential Leadership

The People Power Party aims to create a special committee for virtual assets, directly reporting to the president.

The goal is to take the lead in crypto regulation, modernize the legal framework, and create a stable environment for innovation.


📈 Cryptocurrencies: The Investment of the Future

According to a report by Hana Bank, interest in cryptocurrencies is booming, especially among young South Korean investors.

Data shows that over 30% of wealthy South Koreans prefer crypto assets for long-term investments — more than gold or real estate.


🔍 Summary:
South Korea is preparing for a major crypto revival this year. The legalization of ETFs, the end of banking monopolies, and new regulations are opening the doors to modern investment opportunities and technological growth. Once again, Asia shows it’s not willing to be left behind.

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