As a forward-thinking crypto investor, I’m excited to learn that South Korea is considering the development of crypto Exchange-Traded Funds (ETFs) and Security Token Offerings (STOs) by 2025. Their focus on maximizing shareholder value, ensuring market safety, and introducing innovative investment platforms aligns perfectly with my investment philosophy. This move could potentially open up new opportunities for growth within the crypto sphere.
South Korea intends to delve into Cryptocurrency Exchange-Traded Funds (ETFs) and Security Token Offerings by 2025. The head of the Korea Exchange, Jeong Eun-bo, made this announcement at the “2025 Securities and Derivatives Market Opening Ceremony.” He elaborated that the exchange aims to grant companies authorization to issue security tokens and seek approval for Crypto Spot ETFs.
Last year, Chairman Jeong highlighted some challenges experienced in the capital market, including decreased exports and a sluggish domestic economy. Additionally, global conflicts had a negative impact on the market. As a result, South Korea’s market growth was slower compared to other countries. Jeong warned that these issues might persist this year. However, he pointed out that the “Korea discount,” which is the disparity between the prices at which Korean companies trade internationally versus domestically, remains an issue. Despite this, he remains optimistic about the potential for improvement in the situation.
South Korea Seeks to Boost Foreign Investment Amid Decline in 2024
Jeong expressed his dedication to further advance the Value Up program, encouraging businesses to focus on shareholder value. As of the end of last year, 102 companies had joined the program, representing 41% of the total market value. His vision for the future includes inviting more companies to participate. He also emphasized the importance of diversifying income sources. To that end, he is working on boosting revenue from a significant contributor to global exchanges’ earnings, the data index business.
Jeong emphasized that strengthening market surveillance is essential to boost trust. He pointed out that unethical trading activities can erode investor confidence. To enhance market monitoring and eliminate insolvent firms, he intends to take action in this regard. This move will help create a more secure investment environment for all investors.
In his speech as a representative of the Financial Services Commission chairman, Kim Byung-hwan, he discussed advancements anticipated in 2024. He mentioned that while an increasing number of companies are prioritizing shareholder value, there remain issues. For example, foreign investment is dwindling, and domestic investors are increasingly pouring their funds into foreign stock markets.
By 2025, Kim intends to concentrate on three key aspects: ensuring market safety, fortifying the process of delisting companies, and elevating corporate governance. Moreover, he aims to develop new investment avenues and champion Security Token Offerings (STOs), which are digital securities. These advancements will bring modernization to South Korea’s financial market.
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2025-01-05 12:54