South Korea’s President, Lee Jae-myung, has recently made a significant appointment by naming Kim Yong-beom, the CEO of Hashed Research, as the Chief Policy Officer in the country’s Presidential Office. This decision marks a pivotal moment as Kim brings a wealth of experience in the cryptocurrency and financial sectors to the forefront of policy-making under the new administration.
Prior to his role at Hashed Research, where he oversaw the think tank of the crypto fund Hashed, Kim served as the Vice Minister of Economy and Finance during the previous Moon Jae-in administration. His background in both traditional finance and cutting-edge blockchain technology positions him uniquely to shape policies that navigate the evolving landscape of digital assets in South Korea.
In a recent interview with industry publication CoinDesk, Simon Kim, the CEO of Hashed, expressed confidence in the Lee administration’s stance on cryptocurrencies, highlighting a proactive approach to regulation and a keen interest in aligning with international best practices, particularly those emerging from the United States.
One of the key areas of focus for Kim Yong-beom in his new role as Chief Policy Officer is likely to revolve around the development of a Won-based stablecoin. President Lee has outlined the importance of creating a stablecoin to bolster the country’s economic stability and prevent capital flight, emphasizing the need to retain national wealth within South Korea’s borders.
With Kim Yong-beom at the helm of policy decisions in the Presidential Office, South Korea is poised to adopt a forward-thinking approach to cryptocurrency regulation and innovation. His expertise and vision are expected to play a crucial role in shaping the country’s digital asset landscape and ensuring that South Korea remains at the forefront of blockchain technology development.
