币界网报道：South Korea's Financial Services Commission (FSC) has submitted a roadmap to approve local spot crypto ETFs, with implementation measures expected in the second half of 2024. The move fulfills President Lee Jae Myung's campaign promise to lift the domestic ban on crypto ETFs, previously prohibited due to financial stability concerns. The roadmap also outlines plans to legalize Korean won-based stablecoins by late 2025, addressing capital outflow risks. These initiatives align with President Lee's broader agenda to support youth financial development. The FSC is concurrently advancing crypto market liberalization, including phased approvals for institutional crypto trading. Additionally, the regulator is considering extending trading hours on the Korea Exchange from 6.5 to 12 hours. South Korea's retail crypto market remains substantial, with holdings valued at 104 trillion won ($75.7 billion) as of late 2023.