Recently, South Korean President Lee Jae-myung appointed Kim Yong-beom (Kim Yong-beom) as the new president's chief secretary for policy. It is worth noting that although Kim Yong-beom has a background in traditional finance, he has been the head of Hashed Open Research, a think tank under the South Korean blockchain venture capital firm Hashed, since 2022.

Simon Kim, the CEO of Hashed, has said that Kim Yong-bum was actually a key figure in saving South Korea's crypto industry in 2018. At the time, South Korea's Minister of Justice had planned to shut down all cryptocurrency exchanges, but Kim Yong-beom, who was the administrative minister at the time, proposed a real-name account system as an alternative solution, a move that successfully allowed South Korea's crypto industry to continue to grow.

Kim Yong-bum was born in 1962 and is currently 63 years old, hailing from South Jeolla Province. His career is quite rich; he served as a senior economist at the World Bank from 2000 to 2005. During the Moon Jae-in administration (2017-2019), he was the chairman of the Financial Services Commission and the vice chairman of the Securities and Futures Commission. He then served as the First Vice Minister of Strategy and Finance from 2019 to 2021.

It is worth mentioning that the Moon Jae-in government and the current Lee Jae-myung government belong to the Democratic Party of Korea, suggesting that the party may maintain some coherence in its crypto policy. Kim Yong-beom's appointment as a professional who has published articles on stablecoin research may herald a more open and regulated approach to the cryptocurrency industry by the South Korean government.