Korea Financial Investment Association (Kofia) Chairman Seo Yoo-seok has called for the approval of cryptocurrency spot exchange-traded funds (ETFs) and the formal recognition of security tokens.

During a recent New Year’s news conference at Kofia’s Seoul headquarters, Seo highlighted the potential growth of the virtual asset market, influenced by U.S. President Donald Trump’s pro-crypto policies. He suggested that Korea must act swiftly to maintain a competitive position in the global crypto landscape.

Reason Behind The Crypto ETF Push

The US Securities and Exchange Commission (SEC) approved Bitcoin and Ethereum spot ETFs last year, leading to a wave of similar products from major asset managers.

Kofia Chairman Seo…