South Korean Presidential Candidate Lee Pledges to Introduce Crypto-friendly Measures
South Korea’s Democratic Party leader, Lee Jae-myung, has pledged to approve spot crypto exchange-traded funds (ETFs) and introduce other crypto-friendly measures if elected president.
Announced on May 6, this initiative aims to expand investment opportunities for the country’s youth, a crucial demographic in the upcoming June 3 election.
Lee stressed the need for a safe investment environment to help young people build assets and plan for their future. His plans include legalizing spot crypto ETFs, reducing transaction fees, and enhancing consumer protection measures.
Lee’s Democratic Party of Korea is currently leading in the polls with 42% support, according to a survey by Korea’s National Barometer Survey conducted from April 24 to 30. Korea’s acting president, Han Duck-soo, trails with 13% support.
This is the first time Lee has included crypto-related policies in his presidential campaign. The Democratic Party previously made similar promises during the 2024 general election campaign, including legalizing spot crypto ETFs, but progress had stalled.
