Two leading South Korean presidential candidates, Lee Jae-myung and Hong Joon-pyo, have pledged to legalize spot crypto ETFs. Currently banned in the country, these ETFs represent a significant shift in crypto policy and could significantly impact South Korea’s growing cryptocurrency market. Lee Jae-myung plans to introduce spot virtual asset ETFs, while simultaneously establishing an integrated monitoring system for enhanced safety within the cryptocurrency investment ecosystem. This move comes as the U.S. recently approved Bitcoin spot ETFs, driving calls for similar regulatory approval in South Korea. Both candidates have also proposed measures to lower crypto trading fees and address youth access to financial instruments. Lee’s election platform addresses youth economic struggles by offering new savings programs and financial planning resources. Notably, Lee Jae-myung leads opinion polls, indicating his strong potential as the next president.