Hong Joon-pyo Promises to Reform Crypto Regulations in South Korea

South Korean presidential candidate Hong Joon-pyo has pledged to adopt a regulatory approach similar to that of former US President Donald Trump regarding cryptocurrency. He aims to eliminate existing crypto regulations, mirroring the policies implemented by Trump’s administration, to foster blockchain technology adoption and virtual asset growth within South Korea. This commitment comes alongside his broader policy platform emphasizing investment in AI, quantum computing, and superconductors for economic development. Hong Joon-pyo has highlighted this stance as a key difference from other candidates vying for the presidency. His plans also include allocating 50 trillion won to R&D for various technological fields.