South Korean presidential candidate Lee Jae-myung expresses intentions to endorse exchange-traded funds (ETFs) involving cryptocurrencies.
Crypto-Curious Voters in the Spotlight: South Korean Presidential Candidates Eye the Digital Asset Market
As the June 2025 South Korean presidential election draws closer, hopes are running high among the nation's 16.3 million plus crypto investors who are eagerly waiting to see how potential candidates plan to address the burgeoning digital asset market. Here's a lowdown on the crypto-friendly promises and policies being rolled out.
Stepping Up for the Crypto Investors
- Embracing Spot Crypto ETFs: Both major party candidates, such as Lee Jae-myung from the Democratic Party and Kim Moon-soo from the People Power Party, have made promises to legalize spot crypto ETFs. This shift is expected to attract a significant number of crypto investors by offering wider investment opportunities[1][2][5].
- Cutting Transaction Costs: Lee Jae-myung has vowed to trim trading fees for digital asset investors, aiming to make the market more accessible and reduce barriers to entry for both institutional and retail investors[5].
- Investing in the Future: Kim Moon-soo has proposed allowing government pension funds to invest in virtual assets, aiming to bolster the crypto market's credibility and appeal to young investors[4].
- Securing the Crypto Space: To ensure investor safety and security, both candidates are focusing on establishing robust regulatory frameworks. Lee Jae-myung has proposed a comprehensive digital asset monitoring system to enhance security[5].
Wooing the Crypto Voting Bloc
- The Rising Crypto Community: With such a substantial number of crypto investors within the country, candidates are increasingly attracting their support to secure their votes[4].
- Adopting Global Standards: By aligning South Korea's financial market structure with international standards in crypto, candidates hope to attract a broader base of domestic and international investors[5].
The 2025 presidential election is set to be a game-changer for the crypto landscape in South Korea as both parties vie for the crypto investor voting bloc's support. With promises of legalizing spot crypto ETFs and reducing trading fees, the hope remains that by making investments in the crypto space safer and more accessible, the elected leader could usher in a new era of crypto acceptance in the nation.
As the presidential election in South Korea approaches in June 2025, it's the crypto-curious voters, numbering over 16.3 million, who are eager to understand the candidates' approaches to the growing digital asset market.
Lee Jae-myung and Kim Moon-soo, major party candidates, have shown crypto-friendly tendencies. They've pledged to legalize spot crypto ETFs, a move that could attract a massive influx of investors due to the expanded investment opportunities.
To make the crypto market more accessible, Lee Jae-myung has promised to reduce trading fees, while Kim Moon-soo suggests allowing government pension funds to invest in virtual assets to bolster the market's credibility among young investors.
The candidates also emphasize investor safety and security by focusing on establishing robust regulatory frameworks. Lee Jae-myung proposes a comprehensive digital asset monitoring system to boost security.
In the political landscape, with a substantial number of crypto investors within the country, candidates are courting their support to secure votes. To appeal to a broader base of investors, they plan to align South Korea's financial market structure with global standards in crypto.
The 2025 presidential election holds significant promise for the crypto landscape in South Korea, as both parties aim to win over the voting bloc of crypto investors with their crypto-friendly promises and policies.
