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.
YahooIn my estimation this is what every country should be looking at right now instead of fighting bitcoin and cryptocurrency. I also like that this president was specific about what he is going to do for bitcoin and cryptocurrency when elected. Now that he's elected, we would return to his promise in the next six months to know which of them has been implemented and which is yet to be implemented. South Korea as a country has the huge influence on the other smaller Asian countries and hopefully influence them positively to follow suit.