韩国股市涨30%创四年新高！稳定币概念股大涨三倍，散户预期持续升温

Group 1 - The new South Korean president Lee Jae-myung has quickly fulfilled campaign promises by proposing legislation that allows local companies to issue stablecoins, injecting strong momentum into the stock market and pushing the KOSPI index to a nearly four-year high with a year-to-date increase of nearly 30% [1] - Stocks of companies involved in South Korea's central bank digital currency project have seen significant increases, with KakaoPay's stock rising over 100% this month and LGCNS experiencing a nearly 70% increase despite some profit-taking [3] - The stock market's upward trend has encouraged retail investors to increase leverage, with outstanding margin loans rising to 20.5 trillion KRW, approximately 15 billion USD, driven by expectations of stablecoin issuance based on the Korean won and favorable shareholder policies from the new government [3] Group 2 - Although the South Korean government has not yet released specific details on cryptocurrency policies, stocks likely to benefit from the Korean won stablecoin are widely welcomed, with the ruling party proposing the "Basic Digital Asset Act" aimed at promoting the digital asset industry [4] - South Korea is one of the most active cryptocurrency markets globally, with about one-fifth of the population having trading experience, and the trading volume of dollar-pegged stablecoins reaching 57 trillion KRW in the first three months of this year [4] - The Bank of Korea's governor has expressed concerns about non-bank entities issuing won-pegged stablecoins, indicating potential impacts on capital flow and monetary policy effectiveness, while regulatory uncertainties remain high [5]