{"id":77246,"date":"2025-06-30T23:45:30","date_gmt":"2025-06-30T23:45:30","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=77246"},"modified":"2025-06-30T23:45:30","modified_gmt":"2025-06-30T23:45:30","slug":"71-of-koreans-want-to-buy-more-crypto-survey","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=77246","title":{"rendered":"71% of Koreans Want to Buy More Crypto: Survey"},"content":{"rendered":"

The report, carried out by the Hana Financial Research Institute, a research firm specializing in financial markets and economic trends, analyzes current investor tendencies and future intentions.<\/span><\/p>\n

Of the participants in the survey, 27% reported that they own crypto, with the average investment being around $10 million won (just shy of $7.4k), which accounts for 14% of their portfolios.<\/span><\/p>\n

Adoption is Growing\u00a0<\/p>\n

The median age for the people included in this <\/span>review<\/span><\/a> is between 30 and 40. Men tend to be more active in the investing space, but the findings indicate that there has been a steady increase in females participating in the crypto space since about the start of 2024.\u00a0<\/span><\/p>\n

The main reasons for investing tend to be psychological (FOMO), but the authors do note a shift from that tendency from 57% to 34%, as compared with previous surveys.\u00a0<\/span><\/p>\n

Other data sets include new investors in the space, growth potential, and portfolio diversification.\u00a0<\/span><\/p>\n

The vast majority of investors tend to be in Bitcoin (89%), but the report notes a shift to other cryptocurrencies, particularly stablecoins, as trading experience rises.\u00a0<\/span><\/p>\n

A common challenge for respondents appears to be related to exchanges, as not many native banks work with them. If regulations become more favorable, \u201c<\/span>7 out of 10 investors will choose a residential bank, rather than a new bank with preferential benefits<\/span>\u201d, which paints a very clear picture of current trader sentiment.\u00a0\u00a0<\/span><\/p>\n

The main focus around picking an exchange also seems to be centering on how easy it will be to connect to a bank, rather than other considerations such as trading volume, convenience, and user experience.<\/span><\/p>\n

Roughly 43% of the survey participants indicated high intent to continue investing in crypto assets in the future, with an additional 28% showing moderate such. About every 7 out of 10 show above-average interest. Concerns about volatility remain high (56%), as do fears of bankrupt exchanges (61%) and the risk of fraud (61%). Crypto investments would be viewed more positively if more traditional finance (TradFi) companies participated (42%) and more legal frameworks were established (35%), further data shows.\u00a0<\/span><\/p>\n

Interestingly enough, about 20% of South Korean officials also hold crypto, according to another recent survey covered<\/a> by\u00a0CryptoPotato\u00a0<\/em>earlier this year.<\/p>\n

Current Crypto Landscape in Korea<\/p>\n

Along with increased public interest, officials in Korea seem to be following suit and adopting crypto more widely.\u00a0<\/span><\/p>\n

Parataxis<\/span> Holdings (an American investment firm) recently <\/span>announced<\/span><\/a> a controlling 25 billion won ($18.3M) stake in a South Korean biotech company, with plans to be the first company in the country to create a Bitcoin Strategic Reserve.\u00a0<\/span><\/p>\n

Additionally, the Deputy Chief of the Bank of Korea (BOK) <\/span>noted<\/span><\/a> that it would be \u201c<\/span>desirable for them to start a gradual introduction to stablecoins<\/span>\u201d.\u00a0<\/span><\/p>\n

Moreover, South Korea appears to be the <\/span>best-performing<\/span><\/a> market in Asia currently. The benchmark Kospi Composite Index is up almost 30% this year, to a near four-year high, with some individual stocks seeing jumps of 70%-80%.<\/span><\/p>\n

This has all likely been a cascade of events following the recent <\/span>election<\/span><\/a> of the crypto-friendly President, Lee Jae-myung.<\/span><\/p>\n

The country has quietly become one of the most flourishing crypto markets, with a large part of the population, as noted, investing in digital assets. The country has seen some 57 trillion won ($42 billion) in stablecoin trades for this year alone, only pushing BOK to move forward with their previous plans for a won-backed stablecoin.\u00a0<\/span><\/p>\n

The post 71% of Koreans Want to Buy More Crypto: Survey<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The report, carried out by the Hana Financial Research Institute, a research firm specializing in financial markets and economic trends, analyzes current investor tendencies and future intentions. Of the participants in the survey, 27% reported that they own crypto, with the average investment being around $10 million won (just shy of $7.4k), which accounts for […]<\/p>\n","protected":false},"author":0,"featured_media":77247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-77246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/77246"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77246"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/77246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/77247"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}