In a pivotal address on February 5th, Shin Yoo-shik, Chairman of the Shinhan Financial Investment Association, underscored the urgent need for South Korea to advance the **institutionalization** of **tokenized securities** and facilitate the approval of **virtual asset ETFs.** During a New Year’s gathering at Yeouido Island in Seoul, he drew crucial comparisons to markets in the **United States**, **Hong Kong**, and **Canada**, where Bitcoin and Ethereum **spot ETFs** are actively traded. Chairman Shin’s remarks highlighted the pressing necessity for Korea to introduce at least one Bitcoin or Ethereum ETF, positioning it as a competitive **financial product** in the landscape of global finance. He firmly stated their commitment to advocating before financial regulators for the enablement of these virtual asset ETFs, emphasizing that South Korea must embrace this trend to maintain its status in the international financial arena.
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