Acording to the South Korean news agency Infomax, Seoul Mayor Oh Se-hoon expressed support for cryptocurrency ETFs and Security Token Offerings (STO). In a Facebook post, Oh Se-hoon stated that South Korea should establish a regulatory framework that combines virtual assets with the real economy, similar to the models in the United States and Europe. He emphasized the importance of establishing foundational legislation for virtual assets, which would enable cryptocurrency ETFs, corporate cryptocurrency exchanges, and STOs, pointing out that these practices have been widely accepted in leading countries.