#SouthKoreaCryptoPolicy South Korea’s Crypto Revolution: President Lee Jae-myung’s Bold Vision

On June 4, 2025, Lee Jae-myung, South Korea’s newly elected president, made waves with his strong crypto stance. Once a child laborer in post-war Korea, Lee’s rise to power is nothing short of remarkable. His presidency is bringing a wave of change, especially in the digital asset landscape.

Lee’s platform includes proposals that could reshape South Korea’s crypto market: spot crypto ETFs, allowing corporate and institutional participation, and the creation of a won-denominated stablecoin to curb capital flight. He envisions a future where institutional investors, including the National Pension Service, are welcomed into the crypto space, and regulatory frameworks are nurtured for a stablecoin ecosystem.

A key part of his crypto agenda is the Digital Asset Basic Act (DABA), which aims to bring clearer regulations, including stablecoin approval and self-regulation for crypto firms. Lee’s support for this bill could pave the way for institutional adoption, setting the stage for a more integrated and innovative digital economy.

Despite legal controversies surrounding his presidency, Lee’s crypto-forward policies are gaining support, promising to position South Korea as a global leader in digital assets.