South Korea's presidential election outlook: 16 million virtual asset investors become key votes

05/04 02:36

as the South Korean presidential election on June 3 approaches, virtual asset investors, who account for 36% of the total number of voters, have become a key voting bloc for each candidate. According to industry estimates, there are approximately 16 million virtual asset investors in South Korea, and the market size is already comparable to the market value of the South Korean KOSPI. Candidates from various parties have put forward policies related to virtual assets: the ruling Democratic Party of Korea has promised to promote the Basic Digital Assets Law, while the opposition People Power Party has proposed seven major policies such as lifting institutional investment restrictions and allowing ETF trading. Industry insiders say that due to the strong demand from investors for policy relaxation, the voting preferences of this group will have a significant impact on the election.

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