Korea’s new President, Lee Jae-myung, has made a significant appointment by choosing Kim Yong-beom, the CEO of Hashed Research, as the Chief Policy Officer of Korea’s Presidential Office. This move has caused a stir in the crypto community, as Kim was previously leading Hashed Research, a prominent think tank associated with the crypto fund Hashed.
Kim Yong-beom brings a wealth of experience to his new role, having served as the Vice Minister of Economy and Finance during the Moon Jae-in administration. His background in economics and finance, coupled with his expertise in the crypto industry, makes him a valuable asset to President Lee’s administration.
In a recent interview with CoinDesk, Simon Kim, the CEO of Hashed, expressed his confidence in President Lee’s crypto-friendly stance. He mentioned that local regulators are closely monitoring crypto policy developments in the U.S and are looking to implement similar policies in Korea. This signals a positive outlook for the crypto industry in Korea under President Lee’s leadership.
One of the key initiatives that Kim Yong-beom is expected to work on is the development of a Won-based stablecoin. President Lee has identified this as a priority to prevent national wealth from flowing out of the country. By creating a stablecoin tied to the Korean Won, the government aims to keep capital within the country and promote economic stability.
Overall, Kim Yong-beom’s appointment as Chief Policy Officer is a strategic move by President Lee to bolster Korea’s position in the global crypto market. With his background and expertise, Kim is well-equipped to navigate the complexities of crypto policy and drive innovation in the industry. The crypto community eagerly anticipates the impact of his leadership on Korea’s crypto landscape.