#SouthKoreaCryptoPolicy

According to The Korea Herald (May 2025), His pro-crypto proposals include:

1) Legalization of Spot cryptocurrency ETFs

2) Allow institutional investors like the National Pension Fund to make investment in specific cryptocurrencies and products.

3) A Won-backed stable coin to prevent capital flight.

Still, in Korea, cryptocurrencies are not recognized as a legal form of cash or financial asset, thus illegal.

Its legalization would present crypto a limited to treatment as a financial asset tradable only via strictly regulated entities. i.e DEX would be illegal, and CEX would be forced to limit their service in order to comply with new regulation.

Given the protectionism of most countries around the globe, stable coins are the most likely to survive politics...