- South Korea’s presidential election takes place on March 09, 2022.
- One presidential aspirant issued over 22,000 NFTs featuring his own images and videos.
- Both presidential candidates made crypto-friendly policy promises.
South Korea’s presidential election is taking place on March 09, 2022. On Monday (March 7), presidential candidate Yoon Suk-yeol issued non-fungible tokens (NFTs) with his own images and videos.
The presidential aspirant endorsement of NFTs can be considered a ploy to win over some of the younger voters, specifically those in their 20s and 30s. This age group is considered by many as the most active in the crypto and NFT space.
Moreover, Yoon has minted 4,000 NFTs on the Aergo blockchain, which has started sales at South Korean NFT marketplace CCCV for 50,000 Korean won, equivalent to $40.78 each. However, he plans to issue 22,329 NFTs in total.
Likewise, the Democratic Party of Korea (DPK) presidential candidate Lee Jae-myung also issued NFTs of his images to raise funds.
Meanwhile, the latest poll on the presidential election conducted by Gallup Korea shows Yoon Suk-yeol leading the presidential race with a 39% approval rating. On the other hand, DPK presidential candidate Lee Jae-myung follows closely behind with 38%.
Similarly, both presidential aspirants Yoon and Lee have made crypto-friendly policy promises. One of these promises is reversing a local restriction on ICOs that has been in place since 2017.
Since 2021, South Korea’s government has been looking to impose strict regulations on the local crypto and digital assets ecosystem.
Another regulation proposed a 20% tax for those who generated over $42,000 profit from cryptocurrency trading. However, the ruling Democratic Party has now proposed a delay in regulation implementations, citing the lack of a well-thought-out plan to implement the taxing policy.
