South Korean opposition leader Lee Jae-Myung swore as president following a decisive election election success, after campaigning on a platform that included a set of pro-crypto policies.
Lee claimed to be successful in the June 3 election, which was held six months after former country leader Yoon Suk-Yeol, declared martial law and threw the country into politics.
By 99% of votes counted on June 4, Left-left Democratic Party’s Lee gained more than 49% of Data.
Reuters reported That was about 80% of the 44.4 million South Korean voters threw their ballots in the highest turnout for a presidential election since 1997.
Satoshi Action Fund founder Dennis Porter, who was in South Korea on election day, Says The turnout figure is “wild,” as it is mentioned that Lee is committed to allowing South Korea’s $ 884 billion national pension fund to invest in Bitcoin (Btc) and crypto and also promised to allow the launch of bitcoin Funds exchanged by exchange (ETFS).
Lee also has ambitions to launch a Korean winner who is supported by Stablecoin to modernize the country’s financial system and the country’s capital flows.
“We need to establish a Winning Stablecoin Market back to prevent national wealth from leaking overseas,” he said in a policy discussion in May.
Kim also ran a campaign supporting the launch of Crypto ETF spots and pledged to ease regulations and expand crypto adoption.
Related: South Korea crypto industry to win even snap election outcome
Bitcoin prices have emerged at 149,000 winners ($ 108,480) in the country’s leading exchange, Bithumb and upbit, as called Kimchi Premium The asset trade was seen nearly 2% higher compared to global exchanges, which led it around $ 106,600 before retreating slightly.
Lee also to deal with the raft of policy decisions
Lee is taking office as South Korea faces important challenges, including economic struggles with increasing living costs, ongoing US trade negotiations and regional geopolitical tensions.
It is unclear how high he is prioritizing his crypto -related promises, but in response to many supporters of Seoul’s capital capital, Lee has promised to “work to restore the economy” from the day of one and to ensure that military coups is a matter of the past.
Lee has pledged to focus on economic recovery by increasing investment in artificial intelligence and defense, to release the persecution system, and to introduce social changes, including a four-and-a-half-day work week.
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