South Korea's major political parties are introducing cryptocurrency incentives ahead of parliamentary elections.

The Democratic Party proposes to liberalize cryptocurrency ETFs to boost financial technology and provide regulated investment options.

The People's Power Party suggests delaying taxes on crypto profits to support investor financial relief and domestic crypto industry growth.

These policies indicate cryptocurrency's growing impact on South Korea's economy and potential to sway younger voters.

Challenges to these crypto-friendly policies include regulatory concerns and market volatility.

South Korea's securities regulator is cautious about local ETFs despite the US's success with Bitcoin ETFs.

The global impact of South Korea's crypto policies is significant, with international markets and regulators watching closely.