South Korea plans to allow corporations to invest in virtual assets in 2025 as part of its Web3 growth strategy.
FSC's 2025 Initiative
The Financial Services Commission of South Korea has announced an initiative to gradually permit corporate investment in virtual assets. This will be implemented through real-name accounts for organizations, starting with non-profit entities to promote Web3 adoption.
Plans to Secure the Virtual Asset Market
The FSC is working on a new Virtual Asset Act to regulate the issuance and distribution of virtual assets. This law will likely cover stablecoins, asset listing standards, and operational conduct for virtual asset exchanges to align South Korea with global standards. Secretary-General Kwon Dae-young underscored the need for a transparent and well-regulated market to protect investors from fraudulent practices.
Development of the Cryptocurrency Market
Eun-bo Jeong, Chairman of the South Korea Exchange, expressed interest in approving cryptocurrency ETFs to revitalize the country's financial markets. During his speech at the 2025 Securities and Derivatives Market Opening Ceremony, Jeong highlighted the importance of crypto ETFs as alternative assets to attract investors following a downturn caused by political instability.
South Korea is proactively developing its regulatory framework for virtual assets, promising significant changes to the country's landscape on its path to Web3.
