The presidential candidate of South Korea's ruling party hopes to have the national pension fund invest in BTC

ChainCatcher news, according to Cryptonews, Kim Moon-soo, the presidential candidate of South Korea's ruling party "People Power Party" and former Minister of Labor, recently stated that if elected, he would consider allowing major national institutions, such as the National Pension Service (NPS) and the Korea Investment Corporation (KIC), to invest in virtual assets, including Bitcoin (BTC). NPS is the world's third-largest pension fund.

Kim Moon-soo believes that given the changes in the domestic and international economic environment, the existence of virtual assets cannot be ignored, and he promises to cultivate and stabilize the domestic crypto market through institutionalization.

It is estimated that about 16.3 million citizens in South Korea hold or have held crypto assets.

This statement is the latest example of political parties actively vying for the votes of cryptocurrency holders in the upcoming presidential election (June 3).

Both major political parties have recently proposed several crypto-friendly policy intentions, but industry insiders remind that similar promises made in past elections may not always be fully realized, and attention should be paid to subsequent actual actions.