South Korean Presidential Candidate Pushes Crypto ETFs and Stablecoin to Woo Youth Vote

With South Korea’s presidential election just two weeks away, Democratic Party candidate Lee Jae-myung is making a bold appeal to the country’s youth by pledging to legalize spot cryptocurrency ETFs and introduce a won-pegged stablecoin. The move targets a demographic increasingly turning to digital assets for wealth creation in one of the world’s most crypto-engaged nations.

An estimated 15 million South Koreans—nearly 30% of the population—hold cryptocurrency exposure. Lee’s campaign directly addresses this economically anxious bloc, framing crypto adoption as a pathway to financial empowerment for younger generations struggling with traditional wealth-building barriers.

The policy positions Lee against conservative rival Kim Moon-soo, setting up a stark contrast in financial innovation approaches. Market observers note the proposals could accelerate institutional crypto adoption in Asia’s fourth-largest economy if implemented.