The presidential candidate of the People's Power Party, Kim Moon-soo, declared that if elected, he would consider allowing large national organizations such as the National Pension Service (NPS) and the Korea Investment Corporation (KIC) to invest in cryptoassets like Bitcoin (BTC). NPS is currently the third-largest pension fund globally. Mr. Kim emphasized that with the changing economic environment domestically and internationally, the presence of cryptocurrency cannot be denied. He promised to promote and stabilize the cryptocurrency market through institutionalization.
It is estimated that around 16.3 million South Korean citizens currently hold cryptocurrency. This is the latest move by political parties to attract votes from the cryptocurrency community in the upcoming presidential election on June 3rd. Both major parties have proposed numerous cryptocurrency-friendly policies, but experts note that similar promises in previous elections were not fully implemented and actual actions need to be monitored.
