South Korean Government Advances Crypto ETF Plans in Policy Shift

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South Korea’s financial regulator has taken a major step toward approving spot crypto ETFs, submitting a detailed roadmap to the presidential policy committee.

According to Yonhap News, the Financial Services Commission (FSC) plans to implement rules for these ETFs in late 2025, fulfilling a pledge by President Lee Jae Myung.

The proposal also includes measures to legalize KRW-backed stablecoins by 2025, addressing concerns over capital outflow. The moves reflect Lee’s progressive stance on crypto as a tool for youth financial empowerment.

Despite the reports, the FSC cautioned that the plans are still under discussion and not finalized.