{"id":17497,"date":"2024-04-08T19:10:26","date_gmt":"2024-04-08T19:10:26","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=17497"},"modified":"2024-04-08T14:27:51","modified_gmt":"2024-04-08T14:27:51","slug":"south-korea-crypto-benefits","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/","title":{"rendered":"Political Campaigns in South Korea Aim for Access to Bitcoin ETF and Provide Crypto Benefits"},"content":{"rendered":"

In order to garner support before the legislative election<\/a>, political campaigns in South Korea<\/a> are taking advantage of the nation’s thriving crypto currency sector<\/strong>. The People Power Party of President Yoon Suk Yeol and the opposition Democratic Party have both made promises about cryptocurrencies in their campaigns. The People Power Party, which understands the significance of the crypto industry to voters, has promised to postpone the introduction of a digital asset tax. However, the Democratic Party has concentrated on removing limitations<\/strong> on exchange-traded funds (ETFs), which include those that contain Bitcoin products issued in the United States.<\/p>\n

South Korea Will Provide ETF and Crypto Exposure<\/h2>\n

Democratic Party policy expert Hwanseok Choi said that their platform encourages the use of both domestic and foreign exchange-traded funds (ETFs),<\/em> according to a Bloomberg article. After the US legalized such products<\/strong> in January, the decision to let ETFs invest directly in Bitcoin gained momentum<\/strong>. The assets held by these Bitcoin ETFs currently total about $57 billion. The securities regulator for South Korea, however, voiced worries that local brokerage of these instruments would be illegal, leading to confusion and adversely affecting the market.\u00a0 While the People Power Party’s manifesto does not specifically address this debate, it does commit to delaying proposed cryptocurrency gains taxes past the 2025 deadline.<\/p>\n

South Korea is renowned for its passion for cryptocurrencies<\/strong> other than Bitcoin, and its citizens have actively engaged in the recent crypto bull market<\/strong>. When it comes to trading volume, Upbit, the biggest cryptocurrency exchange in the country, is constantly ranked among the best worldwide platforms. Over $200 million was invested by South Koreans last month in MicroStrategy Inc.’s shares, a US-listed business that owns Bitcoin. They have expressed interest in the legal US crypto-futures exchange-traded funds (ETFs).<\/p>\n

Additionally, election candidates themselves have exposure to cryptocurrencies<\/strong>, with about 7% owning digital assets, according to a Yonhap study that examined their asset reports.<\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

In order to garner support before the legislative election, political campaigns in South Korea are taking advantage of the nation’s thriving crypto currency sector. The People Power Party of President Yoon Suk Yeol and the opposition Democratic Party have both made promises about cryptocurrencies in their campaigns. The People Power Party, which understands the significance<\/p>\n","protected":false},"author":6,"featured_media":17499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,10,2],"tags":[4148,336],"class_list":["post-17497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-economy-news","category-news","tag-crypto-industry","tag-cryptocurrencies"],"yoast_head":"\nPolitical Campaigns in South Korea: Leveraging the Crypto Industry - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Find out how political parties in South Korea are making promises about crypto currencies to appeal to voters before the legislative election.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Political Campaigns in South Korea: Leveraging the Crypto Industry - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Find out how political parties in South Korea are making promises about crypto currencies to appeal to voters before the legislative election.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-08T19:10:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-08T14:27:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/golden-bitcoins-and-south-korea-flag-2021-08-26-16-24-27-utc-2-1260x840-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1260\" \/>\n\t<meta property=\"og:image:height\" content=\"840\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/\",\"name\":\"Political Campaigns in South Korea: Leveraging the Crypto Industry - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/golden-bitcoins-and-south-korea-flag-2021-08-26-16-24-27-utc-2-1260x840-1.jpg\",\"datePublished\":\"2024-04-08T19:10:26+00:00\",\"dateModified\":\"2024-04-08T14:27:51+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"description\":\"Find out how political parties in South Korea are making promises about crypto currencies to appeal to voters before the legislative election.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/golden-bitcoins-and-south-korea-flag-2021-08-26-16-24-27-utc-2-1260x840-1.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/golden-bitcoins-and-south-korea-flag-2021-08-26-16-24-27-utc-2-1260x840-1.jpg\",\"width\":1260,\"height\":840,\"caption\":\"Crypto, South Korea, Crypto currencies\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Political Campaigns in South Korea Aim for Access to Bitcoin ETF and Provide Crypto Benefits\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Political Campaigns in South Korea: Leveraging the Crypto Industry - Coin Engineer","description":"Find out how political parties in South Korea are making promises about crypto currencies to appeal to voters before the legislative election.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/","og_locale":"en_US","og_type":"article","og_title":"Political Campaigns in South Korea: Leveraging the Crypto Industry - Coin Engineer","og_description":"Find out how political parties in South Korea are making promises about crypto currencies to appeal to voters before the legislative election.","og_url":"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/","og_site_name":"Coin Engineer","article_published_time":"2024-04-08T19:10:26+00:00","article_modified_time":"2024-04-08T14:27:51+00:00","og_image":[{"width":1260,"height":840,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/golden-bitcoins-and-south-korea-flag-2021-08-26-16-24-27-utc-2-1260x840-1.jpg","type":"image\/jpeg"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/","url":"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/","name":"Political Campaigns in South Korea: Leveraging the Crypto Industry - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/golden-bitcoins-and-south-korea-flag-2021-08-26-16-24-27-utc-2-1260x840-1.jpg","datePublished":"2024-04-08T19:10:26+00:00","dateModified":"2024-04-08T14:27:51+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"description":"Find out how political parties in South Korea are making promises about crypto currencies to appeal to voters before the legislative election.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/golden-bitcoins-and-south-korea-flag-2021-08-26-16-24-27-utc-2-1260x840-1.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/golden-bitcoins-and-south-korea-flag-2021-08-26-16-24-27-utc-2-1260x840-1.jpg","width":1260,"height":840,"caption":"Crypto, South Korea, Crypto currencies"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/south-korea-crypto-benefits\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Political Campaigns in South Korea Aim for Access to Bitcoin ETF and Provide Crypto Benefits"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/17497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=17497"}],"version-history":[{"count":2,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/17497\/revisions"}],"predecessor-version":[{"id":17554,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/17497\/revisions\/17554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/17499"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=17497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=17497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=17497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}