PANews reported on June 3rd that according to Jinshi, South Korea's JTBC TV station reported late on the 3rd that Lee Jae-myung, the candidate of the Democratic Party of Korea, was elected President of South Korea.

It is reported that Lee Jae-myung is a supporter of cryptocurrency. He has promised to promote the listing of spot crypto ETFs and reduce digital asset transaction fees, and has proposed a plan to issue a stablecoin pegged to the Korean won.