Kim Moon-soo: South Korean pension funds will be able to invest in bitcoin
Date: 2025-05-05 Author: Henry Casey Categories: IN WORLD
Kim Moon-soo, a presidential candidate in South Korea, has announced his intention to allow large state funds such as the National Pension Service (NPS) and the Korea Investment Corporation (KIC) to invest in cryptocurrencies. According to him, the recognition of virtual assets at the state level will be a step towards legalizing and stabilizing the digital market.
In 2024, the NPS has already begun to use indirect mechanisms for investing in cryptocurrencies - in particular, through the purchase of shares of companies closely associated with bitcoin, such as MicroStrategy and the crypto exchange Coinbase. According to Kim, the transition to direct investments by organizations such as the NPS and KIC will give the crypto market institutional legitimacy and increase trust in digital assets.
Kim Moon-soo noted that changes in the global and domestic economy make digital assets an integral part of the financial landscape. He added that young people are actively involved in the crypto market, and although this is associated with risks, it is no longer possible to completely ignore this area. If he wins the election, he intends to create conditions under which large companies will be able to legally work with cryptocurrencies, which, in his opinion, will provide a more stable environment for the entire industry.
The Democratic Party of Korea, the main opponent of the People's Power Party, to which Kim belongs, also did not stand aside. Earlier, the Democrats proposed allowing the launch of a Bitcoin ETF in the country and removing existing barriers for banks when servicing cryptocurrency platforms. The party also supports the possibility of corporations investing in digital assets.
In addition, some members of the Democratic Party put forward the idea of creating a national cryptocurrency reserve, which would become part of the country's strategic financial security. However, this proposal caused skepticism among the Financial Supervisory Commission (FSC), whose representatives called the idea premature and difficult to implement in the current conditions.
