South Korean Elections Result: Lee Jae-myung Elected President; Crypto Regulations Up for Discussion

South Korea’s presidential election has concluded with Lee Jae-myung, from the Democratic Party, winning a decisive victory. This win marks his entry into the country’s leadership and raises questions about the future of crypto regulations in South Korea. Lee Jae-myung had previously proposed establishing a stablecoin market denominated in Korean Won to prevent capital outflow, but how this will impact future cryptocurrency policy remains unclear.