During a press conference at Kofia's headquarters in Seoul on February 5, 2025, Chairman Seo Yoo-seok emphasized the urgent need for South Korea to approve cryptocurrency spot exchange-traded funds (ETFs) and institutionalize security tokens.

Currently, South Korean investors are unable to access spot cryptocurrency ETFs because the Financial Services Commission (FSC) does not recognize cryptocurrencies as underlying assets for securities under the Capital Markets Act.

To cater to this growing demand, Seo advocated for the introduction of regulated ETFs based on Bitcoin and Ethereum, which would provide safer investment options for both millennials and older generations.

In addition to crypto ETFs, Kofia is focused on creating financial products tailored for older investors to address the needs of an aging population.

He referenced Trump's favorable policies towards virtual assets, suggesting that South Korea could benefit from a similar approach to remain competitive in the global market.

Seo reaffirmed Kofia's support for the government's 'Value-up' program, which aims to address the undervaluation of domestic stocks, commonly referred to as the 'Korea discount,' and enhance shareholder returns.

The 'Value-up' initiative, introduced in 2024, seeks to improve stock prices, foster qualitative economic growth, and expand citizens' wealth, requiring collaboration among all economic units.

He noted a significant interest in digital assets from older investors, particularly those over 50, who often possess substantial capital but are frequently overlooked in discussions about virtual assets.

Seo acknowledged the cautious approach of South Korean regulators towards institutional crypto adoption, contrasting it with the more progressive stance taken in the U.S. under President Donald Trump.

Seo pointed out that spot cryptocurrency ETFs are already available on exchanges in the U.S., Hong Kong, Canada, and other regions, highlighting the competitive disadvantage faced by South Korea.

Seo believes that the introduction of regulated investment products like ETFs will attract greater institutional investment, enhance liquidity, and promote a robust digital asset ecosystem in South Korea.

The FSC is reportedly planning to ease restrictions on institutional participation in digital asset trading, starting with non-profit organizations and potentially expanding to a broader audience.