Crypto Reform Likely as Lee Wins

Lee Jae-myung Wins South Korean Presidency, Promises Crypto Reforms

• Lee Jae-myung won the South Korean presidency with 49.42% of the vote in a snap election.
• The election followed the impeachment of former President Yoon Suk-yeol over martial law.
• Lee plans to legalize Bitcoin ETFs and introduce a won-pegged stablecoin to curb capital flight.
• South Korea saw $40.6 billion in crypto moved abroad in Q1 2025, raising capital outflow concerns.
• Lee’s inauguration is scheduled for July 17, coinciding with Constitution Day.

Lee Jae-myung’s victory marks a shift towards crypto reform in South Korea, with plans to legalize Bitcoin ETFs and launch a won-pegged stablecoin aimed at reducing significant capital outflows. His inauguration will take place on July 17.