KOFIA Chairman calls for introduction of spot crypto ETFs

Hwang Seong-hyeop, chairman of the Korea Financial Investment Association (KOFIA), has emphasized the need to introduce spot virtual asset exchange-traded funds (ETFs), JoongAng Ilbo reported. Speaking at a press conference on April 9 to mark his 100th day in office, Hwang stated that virtual assets have long been an essential element for portfolio diversification in overseas markets like the U.S., UK, and Hong Kong. He added that South Korea should no longer fall behind this advanced trend.