Kim Moon-soo and Han Dong-hoon advance to the People Power Party runoff... What are each candidate's virtual asset pledges?

It has been revealed that Kim Moon-soo and Han Dong-hoon (in alphabetical order) have advanced to the final primary of the People Power Party for the 21st presidential election (June 3). As a result, attention is focused on each candidate's virtual asset (cryptocurrency) pledges.

According to the People Power Party's election committee on the 29th, candidates Kim Moon-soo and Han Dong-hoon advanced to the final primary. Candidates Ahn Cheol-soo and Hong Joon-pyo were eliminated. However, the rankings and vote percentages of the candidates were not disclosed. As candidate Hong Joon-pyo, who advocated for dismantling Trump-style virtual asset regulations and proposed pledges such as △issuance of won stablecoins △introduction of certified digital wallets, was eliminated, the industry is paying attention to the virtual asset pledges of the remaining candidates.

First, candidate Kim Moon-soo promised to protect 16 million virtual asset investors and pledged to establish a virtual asset secretary and a virtual asset committee. He also announced pledges to grow virtual assets as an official national financial industry, such as △allowing virtual asset investments by the National Pension Service and Korea Investment Corporation (KIC) △approval of virtual asset spot exchange-traded funds (ETFs) △fostering virtual asset exchanges.

Candidate Han Dong-hoon, who previously expressed continuous opposition to virtual asset taxation issues, stated on YouTube that "Korea should become a virtual asset-centered country," emphasizing the need to ease related regulations. He further suggested implementing △virtual asset spot ETFs △actively allowing corporate virtual asset investments, indicating a practical policy focused on national interests.

He also expressed his stance on stablecoins and central bank digital currency (CBDC). In an interview with Bloomingbit, he stated, "We need to clearly define the definition and requirements for stablecoins so that the public can enjoy a wider and more stable asset selection," and added, "There is no need to close the door on CBDC."

The People Power Party also announced virtual asset pledges at the party level. The previous day, the emergency response committee of the People Power Party promised "seven major initiatives to grow the virtual asset industry ecosystem," including △abolishing the one-exchange-one-bank principle △institutionalizing virtual asset transactions for companies and institutional investors △introducing virtual asset spot ETFs △legislating token securities (STO) △introducing a regulatory framework for stablecoins △enacting a basic law for fostering digital assets △introducing and establishing a groundbreaking virtual asset taxation system.