Lee Jae-myung has been elected as South Korea's new president following a significant victory in a snap election held on June 3, achieving 49.42% of the votes. His win follows the impeachment of former president Yoon Suk-yeol for declaring martial law. Lee has pledged to legalize Bitcoin exchange-traded funds (ETFs) and introduce a won-pegged stablecoin to address capital flight concerns, emphasizing the need to protect national wealth. With a voter turnout of 79.4%, the election reflects a strong public interest in crypto reforms. Analysts expect that under Lee's leadership, the likelihood of approving spot Bitcoin ETFs has significantly increased. However, launching a stablecoin will require careful consideration of regulatory frameworks. Since the start of 2025, South Korean exchanges have moved $40.6 billion in crypto abroad, raising alarm over capital outflows.

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