71% of Koreans Want to Buy More Crypto: Survey

Key Points

1. The median age of crypto investors in South Korea is between 30 and 40, with an average investment of 10 million won (about $7.4k), accounting for 14% of their portfolios.

2. Bitcoin is the dominant choice among investors (89%), though psychological factors like FOMO are decreasing (from 57% to 34%).

3. 43% of survey participants show high intent to continue investing in crypto, with 28% moderately interested, totaling about 70% with above-average interest.

4. Major concerns include volatility (56%), bankrupt exchanges (61%), and fraud risks (61%). More favorable regulations and traditional finance involvement could boost confidence (42% and 35%, respectively).

5. South Korea is emerging as a leading crypto market in Asia, with significant stablecoin trading volume (57 trillion won or $42 billion) and political support from crypto-friendly President Lee Jae-myung.