Trade iShares MSCI South Korea ETF in South Korea

iShares MSCI South Korea ETF (EWY) is tradable as a perpetual from South Korea: the legal status, working funding rails and the practical route are below.

Is iShares MSCI South Korea ETF trading legal in South Korea?

Spot crypto is legal in South Korea and sits inside a registration regime with two layers. On top of that, the Act on the Protection of Virtual Asset Users took effect on 19 July 2024 and added protection of user deposits and assets, rules against unfair trading such as price manipulation, and supervisory and sanctioning powers over VASPs. The regime is still tightening: on 11 August 2026 the cabinet approved a revision to the Enforcement Decree imposing stricter registration requirements and enhanced AML duties on VASPs.

What the contract is

The contract itself does not change by geography: a EWY perpetual settles in USDC everywhere.

Sign up on Canborsa with email, X or a wallet

No document upload to open the account. Canborsa is non-custodial: your collateral stays under your own keys until a position opens.

Email X Wallet

Fund the account with USDC

Deposit USDC over Canton, Robinhood Chain, Ethereum, Base, BNB Chain or Arbitrum. Canborsa takes no fiat, so buying the USDC happens wherever you normally buy stablecoins.

→Robinhood Chain

Open EWY-PERP

Pick EWY in the markets list. The ticket shows the live price, the current funding rate and max leverage 10x .

EWY-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of EWY at 5x uses $200 of collateral. Higher leverage moves the liquidation price closer to your entry: your exposure is the position size, whatever margin you posted. Set a stop-loss below your entry before you walk away.

A 22% tax applies to annual crypto gains exceeding 2.5 million KRW (approximately $1,740), effective January 1, 2027.

Trading EWY from South Korea: legal.

South Korea traders can fund iShares MSCI South Korea ETF positions using KRW bank transfer via real-name verified account.

South Korea residents can trade iShares MSCI South Korea ETF on 11 platforms, including ApeX, Aster and Avantis.

Canborsa charges 0.07% per side (0.14% round trip) on iShares MSCI South Korea ETF.