South Korea Chooses Crypto Over Conservatism in Historic Election

In a decisive rebuke to political instability, South Korean voters elected pro-crypto reformist Lee Jae-myung as president.

The snap election, triggered by former leader Yoon Suk-yeol’s authoritarian measures, drew an 80% turnout—the highest since 1997—with Lee securing 49% of votes.

His win accelerates South Korea’s crypto ambitions: Bitcoin ETFs, pension fund investments, and a national stablecoin are now on the agenda.

Observers like Dennis Porter hail the election as a turning point, with Lee’s policies potentially reshaping Asia’s digital asset landscape.