South Korean financial authorities: The direction regarding the approval of BTC ETF has not been decided yet, but is being considered and explored

The South Korean opposition party, the Democratic Party, announced a commitment to allow domestic issuance, listing, and trading of ETFs. However, the ruling People Power Party warned that while agreeing to institutionalize virtual assets, allowing ETF investments may hinder the development of domestic ETFs. There is strong concern in the capital market. Although the regulatory authority Financial Services Commission has not made a final decision on whether to allow it, it is expected that even after the general election, related disputes will continue for some time. Regarding approving Bitcoin spot ETFs, the financial authorities' position is that we have not yet decided on a direction but are open to and considering it.