Both Major Candidates in South Korean Presidential Election Support Spot Crypto ETF, Forming Bipartisan Consensus

According to ChainCatcher, The Block reports that South Korean right-wing party presidential candidate Kim Moon-soo officially announced on Monday his support for adopting a spot cryptocurrency ETF in South Korea as part of his campaign promise.

Previously, left-wing Democratic Party candidate Lee Jae-myung also pledged to introduce a spot crypto ETF. The candidates from the two major parties have reached a bipartisan consensus aimed at promoting middle-class wealth accumulation and providing more opportunities for the younger generation. The chairman of the Korean Financial Services Commission stated that they will discuss implementation plans with the new government. The success of the U.S. spot crypto ETF (with net inflows exceeding $43 billion) has been a key factor in prompting South Korea to reconsider such products. The South Korean presidential election is scheduled for June 3, 2025.