According to Odaily Planet Daily, South Korean presidential candidate Lee Jae-myung proposed the introduction of a stablecoin pegged to the Korean won to curb capital outflow and enhance financial sovereignty. South Korean law prohibits the issuance of domestic stablecoins, and local exchanges rely on dollar-pegged stablecoins. In the first quarter of 2024, South Korean exchanges recorded approximately 56.8 trillion won in asset outflow, with nearly half related to foreign currency stablecoins. Lee Jae-myung also advocated for the legalization of spot crypto ETFs and suggested allowing institutional investments in crypto assets, such as national pension funds, after price stabilization. The Democratic Party has established a 'Digital Asset Committee' to promote the formulation of crypto regulatory policies and the development of the industry.

#ETF