South Korea's Newly Elected Party to Fulfill Election Promise with Bitcoin ETF Review Request

May 7, 2024--During the campaign, the Democratic Party of Korea promised to allow trading and listing of spot ETFs in the country to entice young voters to participate in the election.
The Democratic Party of Korea has revealed its plans to request the Financial Service Commission (FSC) to clarify the regulatory framework governing Bitcoin ETFs in the country.

This move signals the party's willingness to allow spot Bitcoin exchange-traded funds (ETF) in South Korea.

Fulfilling Election Promises: The Push for Bitcoin Spot ETFs

This request, which was made known via Blooming Bit, reported that an official from the Democratic Party stated that, in a bid to grant their election promises and pledges, the party aims to request an authoritative interpretation of spot ETF from the regulatory body after the 22nd national assembly.