South Korea Crypto Scene Is About To Pop Regardless Who Wins the Election

Crypto is not just an asset in South Korea; it is a way of life. With over 18 million people trading digital assets, volumes surpass those of the nation’s two major stock markets, the Kospi and Kosdaq. Crypto has become a political force. And with South Korea standing in front of election week, there’s one.. The post South Korea Crypto Scene Is About To Pop Regardless Who Wins the Election appeared first on 99Bitcoins.

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Jun 3, 2025 - 17:00

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Crypto is not just an asset in South Korea; it is a way of life. With over 18 million people trading digital assets, volumes surpass those of the nation’s two major stock markets, the Kospi and Kosdaq. Crypto has become a political force.

And with South Korea standing in front of election week, there’s one guaranteed winner – crypto.

Election Outcome? Doesn’t Matter, Crypto Wins Either Way

Both presidential candidates, liberal Lee Jae-myung and conservative Kim Moon-soo, have gone full pro-crypto with their election policies. We are talking about less regulation and more access, and even proposing to legalize spot crypto ETFs.

Currently, South Koreans are holding over $74.5 billion in crypto. Which, by any measure it is not a small market.

NEWS: South Korea’s presidential candidates vow to legalize spot crypto ETFs, ease rules, and launch a won-backed stablecoin. pic.twitter.com/jAfVYp4Gxm
— CoinGecko (@coingecko) June 2, 2025

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It feels like they are fighting over who will offer a better crypto policy. Lee’s calling for the nation’s $884 billion pension fund to get crypto exposure. Sick.

Imagine what this is going to do to crypto. ETFs backed up by public funds. This is most definitely a bull market fuel. What makes things even weirder is his opposition supports that too.

Bipartisan pro-crypto vibes are something unheard of.