The value of ETF assets in South Korea, the fourth-biggest market for the products in Asia, may expand to about 10 trillion won ($8.8 billion) in2011. [North Korea Is a Distant Memory for South Korea ETFs.]

South Korea ranked fourth in the Asia-Pacific ETF market in terms of assets under management, trailing Japan, Hong Kong and China, according to data from BlackRock. It’ll be interesting to watch this race for dominance in the ETF market in Asia.

Tisha Guerrero contributed to this article.