Ruling Party Surprised by Youth Vote, Says "Need to Consider Cryptocurrency Response Organization"

[Asia Economy Reporter Jeon Jinyoung] The Democratic Party of Korea has reached a consensus on the need to establish a separate cryptocurrency response organization within the party to devise countermeasures. A key Democratic Party official stated in a phone call on the 25th, “We agreed that there needs to be an entity to discuss response directions through communication with young people.”

This move to set up such an organization appears to stem from concerns that the complaints and backlash from the 20s and 30s generations against government regulatory measures could become a negative factor in managing the aftermath of the April 7 by-elections defeat and next year’s presidential election.

However, it is known that further discussion is needed regarding the specific timing and method. A party official said, “If the current Emergency Response Committee Chairperson is determined, it could be launched now, or it could be implemented by the new leadership formed over the weekend,” adding, “While there is consensus, more discussion is needed on the exact timing and method.”

This content was produced with the assistance of AI translation services.