Both major candidates in the South Korean presidential election support spot cryptocurrency ETFs, forming a cross party consensus

Odaily Planet Daily News: South Korean right-wing political party presidential candidate Kim Won soo officially announced on Monday that he supports the adoption of spot cryptocurrency ETFs in South Korea as part of his campaign promise. Previously, left-wing Democratic candidate Lee Jae myung also promised to introduce spot cryptocurrency ETFs. The two major political party candidates have formed a cross party consensus aimed at promoting middle-class wealth accumulation and providing more opportunities for the younger generation. The Chairman of the Financial Services Commission of Korea stated that they will discuss implementation plans with the new government. The success of US spot cryptocurrency ETFs (with a net inflow of over $43 billion) has become a key factor driving South Korea to re-examine such products. The South Korean presidential election is scheduled to be held on June 3, 2025. （The Block）