History Election: High Participation, Net Message

Following the elections held in South Korea on June 3, 2025, the crypto-friendly left-wing candidate Lee Jae-Myung became the new president of the country. Former president Yoon Suk-Yeol’s military government initiative and the dismissal after the intense reaction from the public, the turbulent process, the polls brought a new orientation in the ballot box.

📌 Participation Rate: 79.4 %(the highest rate of the last 28 years)

📌 Voting Distribution: Lee 49.42 %-Kim Moon-SOO 41.15 %

📌 Promises: Support for Economy, Lower Income Groups and Small Enterprises + Reform in Crypto Infrastructure

🪙 Lee’s Crypto Vision: ETFs and KrW Stablecoins

The new president Lee promised to take brave and concrete steps in the field of crypto. These promises closely concern not only individual investors, but also the corporate sector and organizers:

🔹 Spot Crypto ETF approval

Lee argues that spot crypto ETFs similar to those in the United States in South Korea.

Current Crypto ETF export and trade is currently prohibited in the country.

It is planned to restructure and open regulations in this area.

🔹 Stablecoin market indexed to Won

Stablecoin fixed to Korean Won will be exported to prevent local capital from going abroad.

These stablecoins will provide infrastructure for both individual use and commercial transfers.

🔹 New crypto laws and regulation reform

The second leg of the existing two -piece digital asset regulation will be completed during the Lee period.

Especially for Stablecoins and stock exchanges, transparency and reserve management oriented new obligations will be introduced.

🌐 Crypto Friendly Areas: Free Zones for Innovation

Lee will also define certain areas as special innovation zones for blockchain and crypto technologies. In these areas:

Regulations will be minimized,

Start-up incentives will be increased,

Tax advantages will be provided.

The aim is to make South Korea one of Asia’s crypto centers.

📉 Shadow of the Past: Lessons from Yoon Period

The first eye of the crypto was the president of his predecessor Yoon Suk-Yeol. However:

Yoon’s Crypto promises were blocked by the Financial Services Commission (FSC).

Strict arrangements were not loosened and the projects were delayed on the grounds of investor protection.

Nevertheless, it has been observed that FSC has adopted a more flexible approach. This increases Lee’s chances of realizing his promises.

📊 South Korea’s crypto reality

South Korea is one of the largest crypto markets in the world:

Altcoin is one of the leading countries in terms of density.

As of the end of 2024: 9.7 million crypto users (20 %of the population).

The stock exchanges operate under the direct control of the state.

The policies of the new president will be critical in determining the direction of this mass.

The selection of Lee Jae-Myung can be a turning point that can radically change South Korea’s view of the crypto. The legalization of Spot ETFs and the formation of the KrW Stablecoin market can have a wave effect on both the regional and global crypto market.

Bitb -judge will continue to monitor these developments instantly.