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South Korea Appoints Kim Yong-bum as Head of the Presidential Policy Office
According to Odaily, on June 7, newly elected South Korean President Yoon Suk-yeol appointed Kim Yong-bum, former CEO of Hashed Research, as the head of the Presidential Policy Office. This ministerial-level position is responsible for coordinating national policy directions. Kim Yong-bum previously served as Deputy Minister of Economy and Finance in the Moon Jae-in administration and brings extensive experience in macroeconomics and regulation.
Simon Kim, CEO of Hashed, stated that this appointment reflects the Yoon Suk-yeol administration's positive stance towards cryptocurrencies. The government plans to promote a stablecoin linked to the Korean won to prevent the outflow of national wealth. Simon also revealed that regulators in South Korea are closely monitoring cryptocurrency policy developments in the United States and intend to adopt a similar regulatory approach.
