Moonsoo Kim: "Government Institutions Including National Pension Service to Be Allowed to Invest in Virtual Assets"

Moonsoo Kim, a presidential primary candidate of the People Power Party, announced on the 27th, "I will allow government institutions such as the National Pension Service and Korea Investment Corporation to invest in virtual assets."

On this day, at his presidential campaign office in Daehwa Building, Yeouido, Seoul, Kim stated, "Considering the changes in the domestic and international economic environment, the existence of virtual assets can no longer be denied. I will foster a sound virtual asset industry to revitalize the economy," as he unveiled this pledge.

Moonsoo Kim, a presidential primary candidate of the People Power Party, announced on the 27th, "I will allow government institutions such as the National Pension Service and Korea Investment Corporation to invest in virtual assets." Yonhap News

Kim also pledged to allow trading of virtual asset exchange-traded fund (ETF) products, and to abolish restrictions on direct investment in virtual assets by financial companies.

In addition, he promised to establish a Secretary for Virtual Assets in the Presidential Office to protect virtual asset investors, and to set up a Digital Asset Committee under the Prime Minister’s Office to promote and supervise digital assets.

Kim emphasized, "Although about 16 million people, or one-third of the population, participate in the virtual asset market, virtual asset investors in Korea’s financial market are left without even minimal safeguards. I will implement policies to protect individual investors from damages caused by crime and information asymmetry, and to create a sound market environment."

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