South Korea's stock market surges on won stablecoin policy, becoming the strongest market in Asia in the first half of 2025

币界网报道:South Korean President Lee Jae-myung's support for the won stablecoin policy has triggered market frenzy. Stocks related to the won stablecoin are still popular. Kakao Pay's share price has doubled, LG CNS has risen by nearly 70%, Aton on Kosdaq has risen by 80%, and ME2ON's share price has tripled. The Kospi index has risen by nearly 30% this year, close to a four-year high, making South Korea the strongest performing market in Asia in the first half of 2025. The high market sentiment stems from the government's plan to allow companies with capital of only 50 billion won to issue won stablecoins, and nominated crypto-friendly Kim Yong-beom as chief policy adviser. [FT]

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