PANews reported on May 5th that according to Cryptonews, Kim Moon-soo (former Minister of Labor), the presidential candidate of the ruling "National Power Party" in South Korea, recently stated that if elected, he would consider allowing key national institutions such as the National Pension Service (NPS) and the Korea Investment Corporation (KIC) to invest in virtual assets, including BTC. NPS is the third-largest pension fund globally.
Kim Moon-soo believes that given the changes in domestic and international economic environments, the existence of virtual assets cannot be ignored, and he promises to nurture and stabilize the domestic crypto market through institutionalization. It is estimated that approximately 16.3 million South Korean citizens currently hold or have held crypto assets.
This statement is the latest example of political parties actively seeking the votes of crypto asset holders in the upcoming South Korean presidential election on June 3rd. Both major parties have recently proposed multiple crypto market-friendly policy intentions, but industry experts warn that similar promises from past elections may not always be fully realized, and subsequent actual actions should be closely monitored.
