South Korea dey fund crypto startups wit KRW200B tax break dem
South Korea Ministry of SMEs and Startups don officially include crypto startups inside their venture ecosystem. From Q3 2024, qualified crypto exchanges, blockchain devs and DeFi projects fit apply for grants, tax breaks plus government-backed loans based on existing programmes. Government earmark KRW200 billion for two years for blockchain and crypto startups, max KRW50 million per firm every year. This reform dey reverse 2018 ruling weh dem remove venture status from digital asset companies like Dunamu. Public consultation for the draft law dey run till August 18, 2025. The policy also align with plans for spot Bitcoin ETFs plus won-based stablecoin, showing Seoul wan’ clear regulatory support and less compliance issues. Traders fit expect better funding access and institutional investment, boosting market confidence in crypto startups and fit push broader blockchain innovation.
Bullish
Dis policy dey bullish for di cryptocurrency market, especially Bitcoin and blockchain-related assets. For short term, di official recognition and big KRW200 billion funding for crypto startups go boost investor confidence and liquidity, wey fit push trading volume higher. For long term, clear regulatory support, tax incentives and government-backed loans fit attract institutional investors and promote innovation for blockchain sector. Di plans to align wit spot Bitcoin ETF and stablecoin development go further strengthen market infrastructure, supporting steady growth and price increase.