PANews reported on May 5th, according to Cryptonews, that Kim Woon-soo (former Minister of Labor), the presidential candidate of the ruling party 'People Power Party', recently stated that if elected, he would consider allowing major national institutions, such as the National Pension Service (NPS) and Korea Investment Corporation (KIC), to invest in virtual assets including Bitcoin (BTC). NPS is the third-largest pension fund in the world.
Kim Woon-soo believes that, given the changes in the domestic and international economic environment, the existence of virtual assets cannot be ignored, and he promises to cultivate and stabilize the domestic cryptocurrency market through institutionalization. It is estimated that approximately 16.3 million citizens in South Korea hold or have held cryptocurrency assets.
This statement is the latest example of political parties actively seeking the votes of cryptocurrency holders in South Korea's upcoming presidential election (June 3). The two major parties have recently proposed several cryptocurrency-friendly policies, but industry insiders remind that similar promises in past elections may not be fully realized, and it is necessary to pay attention to subsequent actions.
