#SouthKoreaCryptoPolicy 💯New South Korean president vows to support crypto growth.

South Korea has elected Lee Jae-myung of the left-wing Democratic Party as its new president, following the impeachment of conservative leader Yoon Suk-yeol. A 79.4% turnout, the highest in 28 years, helped Lee win with 49.42%, beating right-wing rival Kim Moon-soo.

Lee pledged urgent economic reform, with a focus on supporting low-income families and small businesses. He also vowed to strengthen the domestic cryptocurrency industry, promising to introduce spot crypto ETFs and a won-backed stablecoin market.

Both are currently prohibited under existing financial rules,..