Both candidates in South Korea’s presidential election support spot crypto ETFs, forming a cross-party consensus

Odaily News Kim Moon-soo, the presidential candidate of the right-wing party in South Korea, officially announced on Monday his support for the adoption of spot cryptocurrency ETFs in South Korea as part of his campaign promises. Previously, Lee Jae-myung, the candidate of the left-wing Democratic Party, also promised to introduce spot crypto ETFs. The candidates of the two major political parties have formed a cross-party consensus to promote wealth accumulation among the middle class and provide more opportunities for the younger generation. The chairman of the Financial Services Commission of South Korea stated that he would discuss the implementation plan with the new government. The success of spot crypto ETFs in the United States (net inflows of more than US$43 billion) has become a key factor in prompting South Korea to re-examine such products. The South Korean presidential election is scheduled to be held on June 3, 2025. (The Block)