TechFlow news, May 12 — According to The Block, Kim Moon-soo, the presidential candidate from South Korea's conservative party, officially announced on Monday his support for adopting spot cryptocurrency ETFs in South Korea as part of his campaign pledges. Earlier, Lee Jae-myung, the liberal Democratic Party candidate, also committed to introducing spot crypto ETFs. With both major party candidates reaching a bipartisan consensus, the move aims to promote middle-class wealth accumulation and provide greater opportunities for younger generations. The chairman of South Korea’s Financial Services Commission stated that implementation plans will be discussed with the incoming administration. The success of U.S. spot crypto ETFs (with net inflows exceeding $43 billion) has become a key factor prompting South Korea to reconsider such products. South Korea's presidential election is scheduled for June 3, 2025.
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