Korean stocks rise on the pledge of the president, who is supported by that, Cocoa pays the couple star-news.press/wp
Evolution journalist
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Evolution journalist
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Involve
The South Korean Securities Market has risen to a wave of enthusiasm for the digital assets it won after the newly -elected president Lee Jay Meong pledged to support the national currency.
Main meals:
- The KOSPI index in South Korea increased nearly 30 % YTD during the past week.
- This gathering moves the president’s pledge to support Stablecoins supported by winning.
- The shares like Kakao Pay and Me2on increased, while retail investors accumulated in coding shares.
The shares of companies associated with the Korean Bank’s digital currency initiative, including Kakao Pay and LG CNS, have increased since the Lee announcement, where Kakao has more than twice the value this month and CNS climbing approximately 70 % before declining a little, I mentioned.
In the Kosdaq Junior Market Market, ATON, a security company in Fintech, witnessed 80 % of its shares, while the Mobile Me2on developer has doubled three times after Stablecoin has launched casino platforms.
KOSPI shares are 30 % YTD, which is the best Korea market in H1 2025
Rally prompted the South Korean or KOSPI price index in approximately 30 % this year, raising it to the highest levels in four years and making it the highest market in Asia in the first half of 2025.
Retail investors flocked to the gathering, with the swelling of distinguished margin loans to 20.5 trillion (15 billion dollars), and data from the Financial Investment Association in Korea appears.
Despite the euphoria, the government has not yet revealed specific policies of Stablecoins based on the victory, leaving the market to trade on expectations that President Lee Lie Lieg Yong Booma, a well -known digital assets lawyer, as a great political advisor to him.
The momentum was further supported by a draft law presented by the ruling party this month, and suggested that companies be allowed for less than 500 million shares to win the winning Stablecoins.
Critics warn that this may expose the financial system to reduce opinion and increase regular risks.
South Korea, one of the most active encryption markets in the world, has witnessed that the dollar achieved by the dollar has reached 57 trillion in the first quarter alone, which increased pressure on the Korea Bank to accelerate its digital currencies.
Banks, medtech mediation and mediation are eager to enter Stablecoin space, but they remain careful of the upcoming regulations.
Korea Governor Rai Chang Young has expressed his concerns about Stablecoins issued by non -banking entities, highlighting the risks of capital flows and monetary policy.
The Central Bank plans to consult with the two main lenders in a second pilot for its digital currency.
FSC Korea Eyes ATFS encryption
It also stated, the South Korean Financial Services Committee (FSC) provided a road map to the Presidential Committee on Policy Planning, which proposes approval of the investment funds circulating in Spot Crypto.
The move came after the promise of President Lee Jay Meong’s campaign to update the rules of digital assets and increase opportunities for younger investors.
The plan determines implementation measures for immediate investment funds and regulatory frameworks for Stablecoins based on the victory in the second half of 2025.
Historically, the FSC has banned the investment funds circulating in Crypto due to the fluctuations and financial risks, while maintaining that cryptocurrencies were inappropriate as basic assets.
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2025-06-29 11:11:00
