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South Korea appoints former Hashed executive as policy officer for the presidential office, may launch Korean won stablecoin
South Korea’s new president, Lee Jae-myung, has appointed Lee Jae-myung, the former CEO of Hashed Research, as the chief policy officer of the South Korean presidential office. Lee Jae-myung previously served as the deputy minister of the Ministry of Economy and Finance during the Moon Jae-in administration, and his appointment is seen as one of the senior officials in the South Korean government who understands Crypto Assets and Web3 best. Analysts point out that the Lee Jae-myung government is expected to adopt a friendly attitude toward Crypto Assets. One of the first policy initiatives after Lee Jae-myung takes office may be to promote the issuance of a stablecoin based on the Korean won, aimed at preventing the outflow of national wealth, which also aligns with the governance priorities emphasized by President Lee Jae-myung.