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South Korea’s June 3 elections may legalize spot crypto-ETFs and open digital assets investment access
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Lee Jae Myung and PPP candidates compete with ETF policies and fee reduction promises to win crypto voters
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Exchange reform, Web3 oversight, and new ETF regulations are likely if either of the two parties wins Korea’s election in 2025
South Korea’s presidential race is heating up and crypto policy is taking centre stage. Lee Jae Myung, the presidential nominee representing South Korea’s Democratic Party of Korea DPK), has pledged that spot cryptocurrency exchange traded funds (ETFs) will be legalized. He also promised lower trading fees for investors in digital assets, hoping to win support before the June 3 vote.
The announcement was made by his official Facebook page. He also detailed a plan to create a monitoring system in order to improve safety on the local crypto market.
DPK Candidate Courts Crypto Voters
His statement shows how major parties are actively trying to attract the large and growing number crypto users in the country.
Lee’s statement shows that there is a continued interest from all parties to reverse South Korea’s ban of spot crypto ETFs. Despite the rise in global adoption, and the recent launch by the United States of spot Bitcoin ETFs, the country has yet to approve such products.
Related to South Korea Issues New Crypto Friendly Guidelines: Analysts Suspect Politics
Lee said that the policy change would align South Korea’s market structure with global standards while reducing barriers to both institutional and retail investors.
Lee also proposed reducing transaction fees for digital assets, a measure that would improve market accessibility and lower entry costs for investors. He also promised to implement a national digital asset monitoring system that would address security concerns and promote safer trading environments.
Opposition Party (PPP), lays out a wider crypto road map
The announcement is in line with the People Power Party’s broader efforts to advance crypto-innovation. Edaily reports that lawmakers unveiled a seven point plan at the National Assembly to expand market access and strengthen industry support.
The lifting of the “one bank, one exchange” rule is a key PPP promise. This rule currently forces each crypto exchange only to use one bank for verifying real-name customer account. Its removal could open up the market in a big way.
PPP also targets ETF legalization this year
The PPP also called for the legalization of spot crypto ETFs before the end this year. Park Soo Min, a party lawmaker, cited the surge of spot Bitcoin ETFs in the U.S. as a reason why South Korea acted quickly.
Related: South Korea to Release Institutional crypto Investment Guidelines in Q3 of 2025
The PPP will drive these efforts with a new “Digital Asset Promotion Basic Act”, and a special crypto-committee under its presidential candidate. Both major parties see crypto policy as an important issue in the lead-up to the 3 June election.
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