South Korean financial authorities: No decision has been made on the direction of approving a Bitcoin spot ETF, but it is being considered

South Korea's opposition Democratic Party announced its commitment to allowing domestic issuance, listing and trading of ETFs, but the ruling People's Power Party, while agreeing to institutionalize virtual assets, warned that allowing ETF investments could hinder the development of domestic ETFs. There is strong concern in the capital market. Although the regulatory authority, the Financial Services Commission, has not yet made a final decision on whether to allow it, it is expected that the relevant controversy will continue for some time even after the election. Regarding the domestic approval of a Bitcoin spot ETF, the financial authorities’ position is that “the direction has not yet been decided, but it is open and considered.” (Yonhap News Agency)