KRX Prepares Crypto ETF Listings Amid Korea Discount Concerns
South Korea's KRX exchange is building infrastructure for cryptocurrency-linked ETFs and derivatives, CEO Jeong confirmed. The move comes as regulators continue evaluating crypto frameworks. The initiative aims to address the 'Korea Discount'—the persistent undervaluation of domestic equities compared to global peers.
Bitcoin frequently trades at a premium on Korean exchanges versus international markets. Jeong noted improving fundamentals: 'Our capital market is normalizing, with KOSPI breaching 4,000 and PER ratios showing recovery.' No immediate policy changes were announced, though Jeong emphasized tighter collaboration between exchanges and regulators.
The KRX plans extended trading hours and an AI surveillance system to combat market manipulation. A joint enforcement team established in 2023 will intensify scrutiny of unfair trading practices.