Amid Expectations for President Lee's Virtual Asset Policy… Token-Related Stocks Surge During Trading

Virtual assets (cryptocurrency) and token securities (STO) related stocks are showing a sharp surge during intraday trading.

As of 10:39 a.m. (Korean time) on the 9th, according to the Korea Exchange, Danal is trading at ₩4,445, soaring 26.46% from the previous trading day. Danal is a company operating in the virtual asset and fintech business, issuing the virtual asset Paycoin (PCI).

Danal is not the only one. Galaxia Moneytree, which is engaged in the STO business, has already reached the upper limit during intraday trading. Korea Information Certificate Authority (21.16%↑) and Finger (15.07%↑) have also shown strong upward momentum.

It is interpreted that expectations for President Lee's virtual asset and STO-friendly policies are being reflected in stock prices. Recently, President Lee appointed Kim Yong-beom, CEO of Hashed Open Research, to the position of policy chief. Based on his experience at Hashed Open Research, there is a consensus in the industry that Chief Kim has a good understanding of virtual assets and will pursue friendly policies.