South Korea Embraces Crypto: New President Backs Spot ETFs and Stablecoin Market

Lee Jae-myung’s victory in the South Korean presidential election marks a significant shift towards crypto adoption, with his platform outlining plans for spot cryptocurrency ETFs, a won-pegged stablecoin market, and increased regulatory support. The left-wing candidate secured 49.42% of the vote, pledging to promote local investment in digital assets. His administration promises to foster innovation while adhering to regulations, potentially positioning South Korea as a regional leader in digital finance.