From Cointelegraph
June 4, 2025 01:31 am:

South Korea’s Lee Jae-myung sworn in as president after winning snap election with over 49% of votes against rival Kim Moon-soo’s 41%, the highest turnout since 1997 with almost 80% of eligible voters casting their ballots. Lee plans to allow national pension fund to invest in Bitcoin and crypto, launch Bitcoin ETFs, and create a Korean Won-backed stablecoin. Bitcoin prices spiked on Korean exchanges due to kimchi premium as Lee takes office facing economic struggles and geopolitical tensions. Lee promises to prioritize economic recovery, AI investment, defense, and social changes, including a shorter work week.

Read more at Cointelegraph: South Korea elects pro-crypto Lee Jae-myung as president