According to reports, South Korean President Lee Jae-myung's support for the Korean won stablecoin policy has sparked market frenzy. Kakao Pay's stock price doubled, LG CNS rose nearly 70%, Aton on the Kosdaq surged 80%, and ME2ON's stock price tripled. The Kospi index has risen nearly 30% this year, approaching a four-year high, making South Korea the strongest performing market in Asia for the first half of 2025. The bullish market sentiment is driven by the government's plan to allow companies with only 50 billion won in capital to issue won stablecoins and the nomination of crypto-friendly Kim Yong-bum as chief policy advisor.