#SouthKoreaCryptoPolicy

ggLUNC goes to $1? No. But this is what we know about South Korea’s new president.

President Lee Jae-myung just stepped in on June 4, and he didn’t come empty-handed. No, not with promises to the people, but promises to the charts. Spot crypto ETFs? On the table. Institutional access for the National Pension Fund? You heard that right. A won-backed stablecoin to curb capital flight? Welcome to Seoul, where regulators are learning how to farm yield.

Lee didn’t mention crypto in his speech, but actions speak louder. His Digital Asset Committee is already pushing to pass DABA - the Digital Asset Basic Act - with clauses for a self-regulatory framework, stablecoin approvals, and clear exchange rules. It’s not DeFi, it’s K-Fi.

He backs centralized, fiat-backed stablecoins. No more algorithmic pipe dreams. Think Terra, then think what Terra should have been, minus the drama. That’s what Lee wants to roll out, backed by won, pushed into Southeast Asia on the shoulders of K-pop and cultural exports. Yes, seriously.

But this isn’t some utopia. Lee drags scandals like bags from the last cycle. Real estate deals, funding North Korea, an actual stabbing. Still, the man made it from factory floors to the presidency, and now he’s trying to flip the crypto economy like it’s a mid-cap altcoin.

Big picture? Korea’s about to go full crypto, but not the kind you dream about. This is the bureaucratic kind. The pension-fund kind. The regulated, approved, stable-yield kind.

Watch what happens.