The Chairman of the South Korean Stock Exchange, Jeong Eun-bo, has urged the nation to quickly institutionalize the crypto market or risk falling behind other countries. Eun-bo believes that South Korea needs to regulate and treat virtual assets on equal standing with traditional assets in order to compete internationally. He highlighted how the crypto market has already surpassed the domestic stock market in terms of trading volume. However, there are currently no crypto firms listed on the South Korean Stock Exchange and local companies are unable to add crypto investments to their balance sheets. The launch of Bitcoin spot exchange-traded funds (ETFs) is also awaiting government approval. Furthermore, the South Korean National Assembly has delayed all crypto-related regulations until mid-2025 following the impeachment proceedings of President Yoon Suk-yeol.



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