South Korean Presidential Candidate Lee Jae-myung Proposes Crypto ETFs and Safer Investments

As South Korea’s presidential election approaches, Lee Jae-myung, the Democratic Party candidate, has pledged to approve spot cryptocurrency exchange-traded funds (ETFs) and create a more secure investment environment for young voters. This initiative aims to attract younger demographics who are drawn to crypto investments in search of alternative assets due to affordability barriers in traditional markets like real estate and stocks. 2023’s presidential race sees crypto investors, accounting for approximately 36% of the electorate, emerging as a significant voting bloc.