According to Odaily Planet Daily, South Korean presidential candidate Lee Jae-myung has 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 an outflow of approximately 56.8 trillion won, with nearly half related to foreign currency stablecoins. Lee Jae-myung also advocates for the legalization of spot crypto ETFs and suggests allowing institutions like national pension funds to invest in crypto assets once price stability is achieved. The Democratic Party has established a 'Digital Asset Committee' to promote the development of crypto regulatory policies and industry growth.

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