#SouthKoreaCryptoPolicy Lee Jae-myung was elected president of South Korea with nearly 49.4% of the votes, defeating the conservative candidate Kim Moon-soo by nearly three million votes in an early election marked by high citizen participation.

The new leader, known for his pro-cryptocurrency stance, has promised to revolutionize the country's financial policy by legalizing exchange-traded funds (ETFs) of Bitcoin and other cryptocurrencies, as well as allowing the National Pension Fund, which manages assets worth $884 billion, to invest in these digital assets.