Korea’s exchange president Jeong Yun-Popp for the country’s approval of the funds circulating in the exchange of encryption (ETFS). In the midst of the country’s stock market crisis, he urged the renewal of South Korea’s financial industry to enhance the market and compete with other countries.
South Korea needs ATFS encryption
Sunday, Jeong Eun-Bo, President of the South Korea Stock Exchange, The name To agree to the investment funds circulating in encryption. In an interview with Korea’s daily economic, Jeong explained the securities market crisis and the need to update the financial industry in the country.
According to the report, the Korean Securities Market suffered due to a decrease in the retail investor base, which led to a 15 % decrease in the KOSPI in the second half of 2024.
Moreover, investors are increasingly complaining about “unfair commercial allegations using unpopular information, repeated accidental factors, an increase in forgetfulness, and a large number of” zombies “companies.
Jeong highlighted that South Korea is the third largest commercial country of digital assets all over the world, noting that the encryption industry is a field where a “new value” can be created in the financial sector.
Delaying the approval of the long -awaited investment funds in a long time to destroy the competitiveness of the Korean market against other countries. The President of the Korea Stock Exchange indicated that investment products have been successfully listed and actively circulated in the United States, indicating that South Korean organizers should approve them as soon as possible.
South Korea is the third largest cryptocurrency trading country in the world. Crypto is a field that can create a new value in the financial industry. The United States has included the money circulating on the stock exchange and trading it actively. We need to agree to the Crypto ETF trading sooner, not later.
The investment funds circulated in the United States affect the organizational transformation of South Korea
Jeong stated that the political field does not know the truth of the “market, which led to excessive legislation to strangle the market growth. South Korea’s organizations, the Financial Services Committee (FSC), and the CRYPTO investment units in 2017, banned its position when the Securities Committee agreed And American stock exchanges (SEC) on investment products a year ago.
However, it appears that the success of Bitcoin and Ethereum ETFS in the United States has affected the continuous regulatory transformation of FSC. The Korean Supervision Authority is transferred from strict regulations and the ban will be declined through its newly formed advisory collection of digital assets.
Korea Exchange Chairman has repeatedly pushed the South Korean organizations to assess digital assets and integrate them into institutional financing to stimulate the local market and prevent overcoming international markets.
In January, Jeong unveiled the stock exchange plan “Explore” the approval of the traditional investment funds based on encryption. He explained that the South Korean capital markets faced great challenges last year, which weakened the potential for local companies.
The head of the Korea exchange added that the market risks these challenges again in 2025 due to the unjust local and global economic conditions. Likewise, Seo Siuk, President of the Korea Financial Investment Association (KOFIA), recently called for the approval of investment products.
During a conference, the President pointed to the potential of the digital asset market, indicating that the country must follow the leadership of the United States and agree to financial tools. SEO has confirmed that investment products can enhance market transparency, expand institutional participation, and consolidate Korea as a leading company in the adoption of digital assets.
Bitcoin trades at $97,559 in the one-week chart. Source: BTCUSDT on TradingView
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