Democratic candidate Lee Jae-myeon won the 21st presidential election in South Korea.
Lee had previously proposed establishing a ridiculous market derived from South Korea’s victory, but he said he aims to prevent the wealth outflow of overseas nations.
After his election victory, Lee Jae Myung said, “We respect the big decisions of our people… we will do our best to not lose our expectations.”
After the election results were confirmed (June 3), Lee, who left the house in Incheon’s Giyang district tonight (June 3), along with his wife Kim Kyung, said, “It’s certainly too early to say this as the vote count is still ongoing, but if the results are confirmed like this, we respect the big decisions of our people.”
Prior to the election, both Democratic candidate Lee Jae-myung and People’s Rights Party (PPP) candidate Kim Moon-Saw called for relaxation of current regulations restricting the investment and use of cryptocurrencies. Both candidates cited reforms that paved the way for more innovation in the crypto sector and investment-friendly environments.
*This is not investment advice.