South Korea’s Ruling Party Urges Immediate Approval for Bitcoin Spot ETFs

TLDR

• South Korea’s ruling PPP pushes regulators to approve Bitcoin spot ETFs without further delay.
• Lawmakers plan to propose legal amendments if regulators continue to stall ETF authorization.
• PPP claims Bitcoin ETFs will improve market transparency and strengthen investor safeguards.
• Officials expect ETF approval to boost Korean won–based assets and attract global investors.
• Bipartisan political backing signals growing momentum for digital asset reform in parliament.

South Korea’s ruling People Power Party (PPP) has intensified its call for financial regulators to approve Bitcoin spot exchange-traded funds (ETFs) without further delay. The party emphasized that allowing domestic Bitcoin ETFs would align South Korea with global market standards and provide safer, regulated access for local investors. This renewed pressure follows ongoing discussions within the National Assembly and the PPP’s stated commitment to advancing digital asset reforms.

Regulators Face Renewed Pressure from Lawmakers

During the third meeting of the Special Committee on Stock and Digital Asset Value-Up, PPP officials reaffirmed that ETF authorization remains a key policy goal. Committee Chair Kim Sang-hoon stated that the market environment now favors institutional involvement in digital assets, adding that Korean investors should not be excluded from these opportunities. Lawmakers stressed that if financial authorities fail to act promptly, the party will introduce legislative changes during the current session to ensure progress.

According to the PPP, domestic Bitcoin spot ETFs could allow investors to trade through regulated securities accounts, improving transparency across the sector. The party said this framework would strengthen investor protection and support employment within South Korea’s growing digital finance sector. Officials also noted that legalizing such instruments could enhance the international profile of Korean won–denominated assets, positioning the country’s markets for broader global participation.

Political Commitments Continue to Shape the Reform Agenda

The current push follows earlier pledges from both the PPP and the opposition Democratic Party to lift the ban on spot crypto ETFs. In April, the PPP released a seven-point proposal aimed at expanding the nation’s digital asset framework ahead of elections. Among those measures was the removal of the “one exchange, one bank” rule and the introduction of spot ETF trading within this year.

Lawmaker Park Soo-min referenced the success of U.S. Bitcoin ETFs, noting their high investor demand and liquidity. Park said South Korea’s financial sector must keep pace with these developments to remain competitive. With bipartisan agreement on ETF approval, political momentum for digital asset reform continues to build within the National Assembly.

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