Here’s What’s at Stake for Crypto in South Korea’s Upcoming Election

In brief

  • Nearly one-third of South Koreans own crypto, making digital assets a pivotal campaign topic.
  • Both parties support crypto ETFs, but diverge on stablecoin strategy and banking reforms.
  • New regulations from June will allow exchanges and non-profits to sell digital assets, signaling a potential policy shift.

South Korea is gearing up to elect a new president on June 3. And while the election may be more dominated by other issues in Korean politics, such as the recent impeachment of the previous president, candidates have positioned digital assets as a key campaign issue in a nation where nearly one-third of citizens own crypto.

Dr. Sangmin Seo, a South Korean technologist who leads the Kaia DLT Foundation, views crypto as becoming…

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