Another president embracing cryptocurrency has taken the political stage
South Korea, this thriving cryptocurrency market, has chosen a president, Lee Jae-myung, who will promote the Korean won stablecoin and cryptocurrency ETFs.
Lee Jae-myung's commitment to the 'Korean secret industry' includes core contents such as:
1️⃣ Promoting the legalization of virtual asset spot ETFs;
2️⃣ Guiding the massive National Pension Fund of Korea (approximately $884 billion) to allocate cryptocurrency assets;
3️⃣ Building a stablecoin system anchored to the Korean won as a strategic tool to prevent capital outflows and strengthen financial sovereignty of the local currency.
Among these, the most noteworthy is his persistent advocacy for the Korean won stablecoin.