Both major candidates in the South Korean presidential election support spot cryptocurrency ETFs, forming a bipartisan consensus

ChainCatcher news, according to The Block, South Korean right-wing presidential candidate Kim Moon-soo officially announced on Monday his support for the adoption of a spot cryptocurrency ETF in South Korea as part of his campaign promise.

Previously, left-wing Democratic Party candidate Lee Jae-myung also pledged to introduce a spot crypto ETF. The two major party candidates have formed a bipartisan consensus aimed at promoting wealth accumulation for the middle class and providing more opportunities for the younger generation. The chairman of the Financial Services Commission of South Korea stated that discussions on the implementation plan will be held with the new government. The success of the U.S. spot crypto ETF (with net inflows exceeding $43 billion) has become a key factor in prompting South Korea to reconsider such products. The South Korean presidential election is scheduled for June 3, 2025.