Kwang-jae Lee Considering Election Fundraising with 'Gwangjae Coin'... "Will Consult with the Election Commission"

Lee Kwang-jae, a member of the Democratic Party of Korea who declared his candidacy for the presidential election, is holding a policy press conference on urban airspace altitude restrictions at the National Assembly Communication Hall on the 10th. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Koo Chae-eun] Lee Kwang-jae, a member of the Democratic Party of Korea, is considering issuing 'Gwangjae Coin' during the presidential election to raise campaign funds in the form of virtual assets. He plans to promote the realization of 'Gwangjae Coin' in compliance with current laws through consultations with the National Election Commission.

On the 30th, Lee stated, "We will open a new horizon for election campaigns by utilizing blockchain technology." The plan is to issue 'Gwangjae Coin' during the main election to raise campaign funds as virtual assets and then purchase and liquidate all of them after the election.

In a Q&A session with the media immediately after the press conference, Lee said, "Issuing non-fungible tokens (NFTs) in election campaigns is an attempt to expand South Korea's virtual world," adding, "It is an effort to follow international rules similar to those in the U.S. or Singapore in the virtual world and virtual assets, and I hope it is understood as a process where politicians overcome regulations."

Lee revealed that the idea for issuing NFTs was inspired by former President Roh Moo-hyun's introduction of the 'Hope Piggy Bank' during the 2002 presidential election campaign.

Meanwhile, Lee's primary election campaign headquarters plans to be an 'Agile (AGILE: nimble, quick, and responsive) Camp,' completely breaking away from the traditional campaign headquarters framework to become a new form of camp that transcends the boundaries between online and offline.

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