#韩国加密政策 South Korea's Cryptocurrency Policy Faces Major Shift - Promoting Three Major Reforms

In June 2025, after the new president of South Korea took office, he quickly fulfilled the promise of cryptocurrency-friendly policies, with core measures including:

Legalization of Spot ETFs: Promoting the launch of Bitcoin and Ethereum spot ETFs, breaking down the barriers between traditional finance and the cryptocurrency market;

Pension Fund Entry: Allowing the national pension fund (with a scale of $884 billion) to allocate cryptocurrency assets, expected to bring in billions of dollars in incremental funds;

Korean Won Stablecoin Strategy: Issuing a domestic stablecoin to counter the dominance of USD stablecoins and prevent capital outflow.

At the same time, South Korea has postponed the cryptocurrency income tax until 2027 and strengthened the legislation of the "Basic Law on Digital Assets" to balance innovation and regulation. This move may elevate South Korea to become a cryptocurrency hub in Asia, but caution is needed regarding the risk of an overheated market.