According to Yonhap News Agency Infomax, Seoul Mayor Oh Sehoon expressed support for cryptocurrency ETFs and securities token issuance (STO). In a Facebook post, Wu Sehun said that South Korea should develop a regulatory framework that combines virtual assets with the real economy, similar to the model in the United States and Europe. He stressed the importance of establishing basic legislation for virtual assets, which will make cryptocurrency ETFs, corporate cryptocurrency trading and STO possible, noting that these practices have been widely accepted in leading countries.