South Korea Officially Swears In First Pro-Crypto President Today
Lee Jae-myung was officially sworn in at the National Assembly Building on Wednesday (04/06) as the 14th President of South Korea. Lee received 49.42% of the votes following the general election.
Meanwhile, his rival Kim Moon-soo received 41.15% of the votes, according to data from the National Election Commission. As is known, both candidates have ambitions in the crypto industry.
Lee, who is a pro-crypto President, also has ambitions to launch a stablecoin backed by the Korean won. He aims to realize this to modernize the country's financial system.
Additionally, Lee has promised to focus on economic recovery through increased investment in artificial intelligence and defense, depoliticizing the prosecution system, and introducing social changes, including a four-and-a-half-day workweek.
