South Korea’s Crypto Plan: Because Copying Trump Always Works! 🚀

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So, South Korea’s presidential hopeful, Hong Joon Pyo, just dropped a 50 trillion won plan to make the country the next Silicon Valley—except with more kimchi and less avocado toast. 🥑 His big idea? Follow Donald Trump’s crypto playbook. Because, you know, nothing says “economic genius” like mimicking the guy who tried to sell NFTs of himself. 🖼️

Hong announced this masterstroke at a policy briefing in Yeouida, where he laid out 27 commitments that basically boil down to: “Let’s throw money at AI, blockchain, and quantum science, and hope something sticks.” His main goal? To deregulate crypto like Trump did in the U.S. because, hey, if it worked for America’s meme stock economy, why not South Korea? 🤷‍♂️

But wait, there’s more! Hong also proposed a “New Industry Gate Free” system, which sounds like a fancy way of saying, “Do whatever you want, just don’t ask the government for permission.” Bold move, Hong. Let’s see if it works out better than Trump’s “let’s inject bleach” strategy. 🧴

Here’s the TL;DR of his economic vision: public-private collabs, super gap tech (whatever that is), fair distribution, jobs, and welfare for the working class. Oh, and he wants to land on the moon by 2030. Because why not? 🌕

But the real pièce de résistance? His tax reforms. Hong wants to scrap the comprehensive real estate tax and give major breaks on inheritance taxes. Because nothing says “economic revival” like making it easier for rich people to stay rich. 🏰

In conclusion, Hong’s plan is basically: “Let’s copy Trump, deregulate everything, and hope for the best.” What could possibly go wrong? 🤔

Also read: Does North Korea Own More BTC than Bhutan and El Salvador? Fact Check

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2025-04-16 16:37