Major country in East Asia elected new Bitcoin-friendly President
Add economic powerhouse South Korea to the ever growing list of nations adopting bitcoin at the national level.
This was a special election following a time of great political turmoil. It was caused by the
impeachment of the former president who attempted to declare martial law at the end of last year.
This was a special election following a time of great political turmoil. It was caused by the
impeachment of the former president who attempted to declare martial law at the end of last year.
Quote
June 4, 2025
Crypto-friendly Lee Jae-myung was elected as South Korea's new president on Wednesday,
defeating the incumbent Conservative Party's leader Kim Moon-soo.
During the election Lee made a number of promises to South Korea's crypto industry, appealing to
the nation's 15 million crypto investors. These included legalizing spot cryptocurrency exchange-traded funds
and allowing institutional investors like the National Pension Fund to make investments into certain cryptocurrencies
and products, local media outlet The Korea Herald said in May.
Yahoo
Crypto-friendly Lee Jae-myung was elected as South Korea's new president on Wednesday,
defeating the incumbent Conservative Party's leader Kim Moon-soo.
During the election Lee made a number of promises to South Korea's crypto industry, appealing to
the nation's 15 million crypto investors. These included legalizing spot cryptocurrency exchange-traded funds
and allowing institutional investors like the National Pension Fund to make investments into certain cryptocurrencies
and products, local media outlet The Korea Herald said in May.
Yahoo