#SouthKoreaCryptoPolicy The newly elected president of South Korea promised crypto reforms.

On June 3, 2025, South Korea officially elected a new president — candidate from the left party Lee Jae-myung, who has pro-cryptocurrency interests and intends to turn the country into a leader in digital finance in Asia.

Lee Jae-myung won with 49.42% of the votes against 41.15% of his right-conservative opponent Kim Moon-soo. Voter turnout was a record high in 28 years at 79.4%.

In addition to socio-economic policies aimed at supporting low-income individuals and small businesses, his key initiatives include:

introduction of spot cryptocurrency ETFs, despite the existing ban on their local launch;

development of a stablecoin market pegged to the Korean won;

completion of the second part of the legislative regulation of digital assets, with a particular focus on exchange transparency and stablecoin oversight;

simplification of regulations in specially designated blockchain regions to accelerate innovation.

Thus, Lee Jae-myung announced his intention to allow local trading of exchange-traded financial instruments, inspired by the success of similar ETFs in the USA.