Lee Jae-myung, a key candidate in Korean politics, reveals a series of plans to elevate the domestic cryptocurrency market. He intends to allow the National Pension Fund to invest in cryptocurrencies, opening a new path for institutional capital in this field. This policy will help consolidate the trust of both domestic and international investors, while promoting professionalization in fund operations.
The next plan is to approve Bitcoin ETFs, thereby removing barriers for ordinary investors. Bitcoin ETFs will not only diversify asset allocation channels but also legalize cryptocurrency-related investment portfolios in the Korean legal environment. This will boost liquidation and standardize digital asset trading methods.
Additionally, a key point in the plan is the issuance of a stablecoin pegged to the Korean won. This stablecoin will serve as a bridge between traditional and digital assets, limiting volatility risks while improving cross-border and domestic payment efficiency. Integrating stablecoin into the digital economy will help the won adapt to global digitalization speed.
These three initiatives demonstrate a breakthrough vision for integrating cryptocurrencies into public and private financial ecosystems. If implemented synchronously, South Korea will become an attractive destination for global capital in digital assets, while consolidating its international position in financial innovation.
