Add economic powerhouse South Korea to the growing list of countries adopting bitcoin at the national level.
This was a special election following a time of great political turmoil in the country. It was caused by the
impeachment of the former S. Korean president who attempted to declare martial law at the end of last year.
This man, this new President Elect in South Korea is China friendly politician and I am very doubtful that he does not try to copy many policies from China. We know that China under CCP are not a Bitcoin and cryptocurrency friendly nation, and if this President governs South Korea towards a same direction, this nation will become less friendly with Bitcoin and cryptocurrency.
Based on political history in this nation, I don't concern about him too much because his Presidency might not last too long. South Korean are strong in their political demand and if this President can not satisfy citizens, he will become a next President Outsted in the South Korea.
I believe that you're speaking from facts and if it so it'll confirm the skepticism of many observers that presidential candidates uses cryptocurrency friendliness to win votes. If he has a strong affiliate with China, that is clearly a none Bitcoin friendly country, it means that his Bitcoin friendly might not materialize in his administration. People have little trust on what politicians promises until they fulfill it, it's more like action steaks louder than words. But if the new South Korean president will live up to his promises and actualizes his crypto manifesto I think that it will be a big plus to the crypto community in that country.