Over 3,000 South Koreans Own Crypto Assets Valued at $740k+
Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...
A recent report from virtual asset exchanges Upbit and Bithumb revealed wealth in South Korea’s crypto market. As of last year, 3,759 individuals held high-value accounts, each exceeding 1 billion won (roughly $750,000).
Democratic Party member Ahn Do-geol submitted the report, titled “Virtual Asset Holding Status,” to the National Assembly Planning and Finance Committee.
According to local reports, out of the 3,759 South Koreans who own virtual assets, over 185 are in their 20s, making them the third-largest segment of crypto investors.
The total value of the virtual assets owned by these young investors is 967.2 billion won, averaging about 5.228 billion won ($3.91 million) per person.
Over 180 South Koreans in their 20s own over $750K in crypto each
Over 180 South Koreans in their 20s own cryptocurrencies worth more than KRW 1 billion ($750,000) each, according to Maeil Business Newspaper. Data submitted by crypto exchanges Upbit and Bithumb to the National…
Industry experts attribute the assets these investors hold to either inherited assets or savvy investment decisions made early in their careers.
According to the study, while the South Korean youth impact cryptocurrency, investors in their 40s hold considerable sway. 1,297 members from this group own assets worth over 1 billion won, while their collective total stands at 12.497 trillion won, averaging 9.29 billion won ($6.95 million) per person.
However, South Koreans in their 50s are at the top of the food chain. This group holds the highest total asset value.
The age group has
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