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  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
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South Korea crypto election

South Korea crypto election reshapes national policy with Lee Jae-myung’s victory

https://icn.live/wp-content/uploads/2025/06/st-crypto.mp3
  • by ICN.live
Mariam Al-Yazidi

South Korea crypto election results are shaking up the country’s political and economic future with bold crypto promises.

Lee Jae-myung, the center-left Democratic Party leader, has been sworn in as president after winning decisively. The June 3 snap election followed six months of political chaos after former president Yoon Suk-yeol imposed martial law. Lee secured over 49% of the vote, defeating conservative rival Kim Moon-soo, who garnered 41%, according to officials. Lee’s platform leaned heavily on digital finance and progressive crypto policies. He vowed to let the $884 billion national pension fund invest in Bitcoin and cryptocurrencies. This promise alone captured attention across global crypto markets and in South Korea’s vibrant tech community. He also committed to legalizing Bitcoin ETFs and supporting the development of local crypto platforms.

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Lee’s win sparks optimism in South Korea’s crypto market

His victory sent shockwaves through crypto exchanges, spiking Bitcoin prices on Bithumb and Upbit to 149,000 won. This was nearly 2% higher than global prices—a surge caused by the so-called kimchi premium. Lee’s presidency is already considered a turning point for blockchain adoption in East Asia. Notably, he has proposed launching a Korean Won-backed stablecoin to modernize the economy. This stablecoin would help reduce capital outflows and strengthen South Korea’s financial sovereignty. “We need to establish a won-backed stablecoin market to prevent national wealth from leaking overseas,” Lee stated.

His approach mixes domestic protection with global engagement, aiming to place South Korea at the forefront of crypto finance. While Kim Moon-soo also favored crypto ETFs and regulatory easing, voters clearly backed Lee’s bolder vision.

South Korea crypto election could signal global Web3 leadership

The South Korea crypto election wasn’t just about Bitcoin—it could redefine economic leadership in the region. Lee has also pledged support for AI, defense innovation, and reducing working hours for citizens. He promised to remove politics from legal systems and prevent future military coups. As South Korea navigates tensions with the US and China, Lee’s crypto-forward stance may offer strategic leverage. Whether crypto gets top policy priority remains to be seen. But his inauguration speech clearly tied economic recovery to digital innovation and tech investment.

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What makes this South Korea crypto election significant?

The South Korea crypto election is historic due to Lee Jae-myung’s victory and strong pro-crypto stance. He has pledged to support Bitcoin ETFs, allow the national pension fund to invest in crypto, and launch a won-backed stablecoin. These promises make South Korea one of the few countries seriously integrating crypto into national economic policy. His platform resonated with younger voters and digital entrepreneurs who see crypto as a key growth sector. The election result marks a political shift that could redefine South Korea’s financial and technological future.

Will South Korea really invest its national pension fund in Bitcoin?

Lee Jae-myung has stated his intention to allow the $884 billion national pension fund to invest in Bitcoin and other cryptocurrencies. This would be a major move, making South Korea one of the first countries to permit such institutional crypto investment at a sovereign level. While practical implementation will require regulatory adjustments and risk assessments, the announcement alone has energized the global crypto community and driven price increases across local exchanges.

What is a won-backed stablecoin and why does it matter?

A won-backed stablecoin is a digital token pegged to the value of the Korean Won. Lee’s proposal aims to modernize the financial system and keep capital within the country. Unlike volatile cryptocurrencies, stablecoins offer price stability and can be used for domestic transactions and cross-border trade. Launching such a token could position South Korea as a leader in regulated stablecoin infrastructure, similar to how the U.S. and EU are exploring digital currency frameworks.

How will Lee’s crypto policies affect everyday users and gamers?

For crypto gamers and retail investors, Lee’s policies could lead to greater legal clarity, more investment opportunities, and access to innovative products like Bitcoin ETFs. If South Korea opens its markets and supports digital asset startups, users may enjoy more advanced Web3 gaming platforms, better token integration, and new income streams from play-to-earn ecosystems. With reduced regulatory friction, both game developers and players stand to benefit.

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