The role of crypto may have become even more significant in this election than the previous one. If even 247,078 of these voters had cast their ballot only based on the crypto policies of candidates, the numbers suggest, the election result could have turned out differently.
Young people could play a decisive role, analysts say, in a nation of about 52 million people. The crypto ecosystem of which young people make up a majority, has gone through a frenzy, shaking off and emerging from the shadow of Do Kwon and Terra, but crypto-related political promises may have acted as dopamine to activate voters from the sector.
In March 2022, former prosecutor Yoon Suk Yeol won the South Korean Presidential election by a margin of less than 1%, or 247,077 votes. It was the closest presidential election in the nation's history.
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