16-4-2025 – A seasoned South Korean conservative politician has unveiled an ambitious technological agenda, positioning blockchain and cryptocurrency development at the heart of his presidential campaign.
Hong Joon-pyo, a contender in the People Power Party’s presidential primary, drew parallels with American regulatory frameworks, expressing his intention to implement similarly progressive reforms for digital assets. The former Daegu mayor’s pronouncement came during a pivotal policy meeting, where he articulated his vision for integrating blockchain solutions into governmental operations.
The veteran statesman, boasting three decades of public service, has consistently championed cryptocurrency-friendly policies. His previous stance against crypto taxation in 2021 highlighted his progressive approach, as he advocated for establishing robust legal frameworks to embrace emerging technologies.
Beyond the digital frontier, Hong’s forward-thinking manifesto includes a substantial five-year investment of 50 trillion Korean won towards cutting-edge technologies. This comprehensive strategy encompasses artificial intelligence, quantum computing, and research into room-temperature superconductors, reflecting his commitment to technological advancement.
The timing of Hong’s policy announcement is particularly significant, coming amidst political upheaval following the unprecedented impeachment of President Yoon Suk-yeol. The Constitutional Court’s unanimous decision to uphold Yoon’s removal, triggered by his controversial martial law declaration in December 2024, has reshaped the political landscape.
