South Korean Politicians Target 16 Million Crypto Investors Ahead of June Election

In the lead-up to South Korea's June 3 presidential election, cryptocurrency investors—estimated at 16 million and representing 36% of eligible voters—have emerged as a pivotal voting bloc. The immense market value of Bitcoin in Korea, now exceeding 2,600 trillion won and rivaling KOSPI-listed companies, underscores the sector’s growing influence. Both major parties are adopting crypto-friendly platforms: the Democratic Party has recruited token securities expert Professor Kim Yong-jin and proposed a Basic Digital Asset Act with provisions for stablecoin regulation, while the People Power Party has outlined seven key crypto initiatives, including easing regulatory restrictions and enabling spot ETF trading. Candidates are responding to investor demands for greater protection and regulatory clarity, aiming to position South Korea as a global hub for digital assets. Recent regulatory developments will also allow non-profit organizations and exchanges to sell assets under stricter compliance measures. The outcome of this election could reshape South Korea’s crypto landscape and determine the future direction of digital asset regulation.