#SouthKoreaCryptoPolicy president, Lee Jae-myung, elected on June 3, 2025, is pushing crypto-friendly policies. He aims to legalize spot cryptocurrency ETFs and allow institutional investments. Lee also supports a won-based stablecoin to prevent capital outflows, as South Korea’s crypto market sees high trading volumes, with 15-18 million investors. The Democratic Party formed a Digital Asset Committee to pass the Digital Asset Basic Act (DABA) this year, focusing on stablecoin regulation and exchange transparency. Stricter KYC rules were implemented to curb