According to Naver, the approval of spot cryptocurrency ETFs in South Korea is unlikely within this year, as legislation is clearly lagging behind. Currently, four related legislative amendments are pending in the National Assembly, covering the amendment of the Capital Markets Act and the enactment of the Digital Asset Market Industry Act. The core issues include incorporating crypto assets as ETF underlying assets, allowing custodians to provide crypto custody, and establishing a legal framework for the derivatives market. However, due to regulatory agency restructuring and policies to stimulate the stock market, the advancement of the crypto ETF regime has been downgraded in priority. Financial authorities are currently prioritizing the Basic Act on Digital Assets, and legislation for ETFs and derivatives may be further delayed.