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Korea Stock Exchange to explore crypto ETFs

The Korea Exchange, known as KOSDAQ, is deliberating the approval of cryptocurrency spot ETFs with a target date in 2025. KOSDAQ Chairman Jeong Eun-bo stressed the significance of exploring innovative business opportunities, such as crypto ETFs, which aim to revitalize investor interest amidst recent political unrest.

Financial Services Commission Chairman Kim Byung-hwan expressed support for companies aiming to launch security token offerings. He advocates for institutional support by 2025, aiming to rejuvenate the South Korean stock market and attract both foreign and domestic investors back, following the tumultuous events of 2024.

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