South Korean media: Presidential election to be held in June, 16 million encrypted voters may affect key election prospects

According to South Korean media Point Daily, the presidential election on June 3 is approaching, and the ruling and opposition parties have reached a consensus on traditional investment related bills. Winning the votes of virtual asset investors will be crucial to winning the presidential election. The estimated number of virtual asset investors in South Korea is 16 million, accounting for about 36% of the total number of voters in the 22nd general election held on April 10 last year (approximately 44.25 million). Candidates from various political parties have put forward policies related to virtual assets. The Common Democratic Party has pledged to advance the Basic Law on Digital Assets, while the National Power Party has proposed seven major policies, including lifting restrictions on institutional investment and allowing ETF trading. Industry insiders say that due to investors' strong demand for policy relaxation, the voting orientation of virtual asset investors will have a significant impact on the election situation.