South Korea Appoints Kim Yong-beom as Presidential Policy Chief

According to Odaily, on June 7, South Korea's newly elected President Lee Jae-myung appointed Kim Yong-beom, former CEO of Hashed Research, as the Chief of the Presidential Policy Office. This ministerial-level position is responsible for coordinating national policy directions. Kim Yong-beom previously served as the Vice Minister of Economy and Finance under the Moon Jae-in administration and brings extensive experience in macroeconomics and regulation. Simon Kim, CEO of Hashed, stated that this appointment indicates the Lee Jae-myung administration's favorable stance towards cryptocurrency. The government plans to promote a stablecoin pegged to the Korean won to prevent the outflow of national wealth. Simon also revealed that South Korean regulators are closely monitoring U.S. cryptocurrency policy developments and intend to adopt similar regulatory approaches.