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Lee Jae-myung elected South Korea’s new president with strong crypto policy promises.
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Plans include legalizing spot crypto ETFs and creating KRW-backed stablecoins.
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Lee also supports crypto-friendly regulatory zones and transparency rules.
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South Korea has one of the world’s largest crypto trading populations.
A New Era for Crypto in South Korea
Lee Jae-myung has been elected South Korea’s president, defeating Kim Moon-soo in a high-turnout election. He campaigned on several pro-crypto promises, aiming to revive investor sentiment following years of stalled regulatory reforms under impeached predecessor Yoon Suk-yeol.
Crypto ETF and Stablecoin Push
Lee’s administration plans to legalize spot crypto ETFs, a move that has been long debated by the country’s regulators. He also pledged to establish a domestic market for Korean won-backed stablecoins, citing the need to prevent capital flight and support local innovation.
Regulatory Reforms and Industry Boost
Under Lee, South Korea will finalize the second half of its digital asset regulation framework, with a focus on stablecoins and exchange transparency. He also wants to ease rules in designated blockchain innovation zones.
With nearly 10 million crypto users, South Korea is among the most active crypto markets globally, especially in altcoin trading.
