According to Cryptonews, Kim Won soo (former Minister of Labor), the presidential candidate of the ruling National Power Party in South Korea, recently stated that if elected, he will consider allowing major national institutions such as the National Pension Board (NPS) and the Korea Investment Corporation (KIC) to invest in virtual assets including Bitcoin (BTC). NPS is the third largest pension fund in the world.
Jin Wenzhu believes that given the changes in the domestic and international economic environment, the existence of virtual assets cannot be ignored, and promises to cultivate and stabilize the domestic cryptocurrency market through institutionalization. It is estimated that approximately 16.3 million citizens in South Korea hold or have held cryptocurrency assets.
This statement is the latest example of various political parties actively seeking votes from cryptocurrency holders in South Korea's upcoming presidential election (June 3). Both major political parties have recently proposed multiple policy intentions that are friendly to the cryptocurrency market, but industry insiders have warned that similar promises made in previous elections may not be fully fulfilled, and attention should be paid to subsequent practical actions.
