South Korea appoints former Hashed executive as chief policy officer of the presidential office, or will launch a won stablecoin.

South Korea's new president Lee Jae-myung has appointed the former CEO of Hashed Research, Lee Jae-myung, 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 most knowledgeable senior officials in the South Korean government regarding encryption and Web3. Analysts indicate that the Lee Jae-myung government is expected to take a friendly stance towards 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 aligns with the governance priorities previously emphasized by President Lee Jae-myung.