The Korea Fintech Industry Association held the 5th National Assembly Forum for the Enactment of Digital Asset Innovation Act on the theme of 'Korean-style Bitcoin Spot ETF: Digital Assets and Capital Market Innovation' at the Second Seminar Room of the National Assembly Member's Hall at 10 AM on the 30th.
This forum was prepared to explore ways to create a safe digital asset investment environment and institutional arrangements in line with the arrival of the Bitcoin spot ETF era. Following the four previous forums, it was conducted on an expanded scale based on high interest from experts in industry, academia, and legal circles.
Kang Jun-hyun, a member of the National Assembly's Political Affairs Committee who delivered the opening remarks, said, "The government is actively promoting the introduction and institutionalization of Bitcoin spot ETF to make Korea an international digital financial hub" and "The National Assembly is also focusing on institutional improvements through amendments to the Capital Market Act and the enactment of the Digital Asset Innovation Act."
He added, "Through this forum, we will gather opinions from various experts, specify the introduction plan for a Korean-style Bitcoin spot ETF, and establish an institutional foundation to play a leading role in the global digital asset market."
Lee Geun-joo, chairman of the Korea Fintech Industry Association who hosted the forum, said in his opening remarks, "As the US Bitcoin spot ETF recorded a scale of 168 trillion won within a year of its launch, surpassing gold ETF, Korea should establish its status as an advanced digital financial country through the introduction of a Korean-style Bitcoin spot ETF. To achieve this, it is necessary to specify digital assets as ETF underlying assets in the Capital Market Act, establish a management system for digital asset ETFs, and create a safe investment environment."
In the keynote presentation, Lawyer Kim Jun-young (Kim & Chang Law Firm) presented on the topic of 'Challenges for the Era of Virtual Asset ETF: Key Issues and Implications'. He analyzed the issues related to virtual asset ETFs and considerations for each participant from both regulatory and practical perspectives. He particularly emphasized, "It is important to carefully design the system considering the characteristics of virtual asset ETFs and to preemptively consider various practical issues arising from the system introduction."
In the second presentation, Kim Nam-ho, head of the department at Mirae Asset Asset Management, presented on 'Promoting Bitcoin Spot ETF and Challenges to Resolve'. He stated, "Listing a domestic Bitcoin spot ETF has significant meaning in providing stock investors with a Bitcoin investment method within the traditional financial system. However, for the successful settlement of the ETF, resolving issues such as index standards and subscription/redemption methods, and improving market participant credibility are most important."
The panel discussion was chaired by Professor Cheon Chang-min (Seoul National University of Science and Technology), with participants including ▲Nam Chang-woo (Financial Services Commission Asset Management Division) ▲Lee Hyo-seop (Capital Market Research Institute) ▲Kim Jun-young (Lawyer, Kim & Chang Law Firm) ▲Kim Nam-ho (Mirae Asset Asset Management) ▲Lee Se-il (Shinhan Investment Securities) ▲Kim Gyu-yun (Happy Block) ▲Jung Gu-tae (Infinite Block), who shared various opinions on Bitcoin spot ETF.
Meanwhile, the National Assembly Forum for the Enactment of Digital Asset Innovation Act is scheduled to be held a total of 6 times throughout 2025, having previously held sessions on topics such as 'Corporate Participation Methods' (1st, 2.6), 'Stablecoin Regulatory Framework' (2nd, 3.5), 'Resolving Exchange Conflicts of Interest' (3rd, 3.24), and 'Establishing Business Segmentation and Regulatory System for Digital Asset Businesses' (4th, 4.15).
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