The Latest Report on Cryptocurrency Owners in South Korea Has Been Released! There Are Very Big Changes, Here Are the Trends!

The "2050 Generation Virtual Asset Investment Trends Report" published by Hana Financial Research Institute revealed that virtual asset investment in South Korea has evolved from being a speculative tool to becoming a serious financial asset.

According to the report, 27% of individuals aged 20 to 50 are investing in cryptocurrencies, and these investments make up an average of 14% of their total financial assets.

The research is based on the results of a survey conducted with 1000 people. Especially among individuals in their 40s, the rate of crypto ownership is at its highest level at 31%. 70% of investors indicate that they plan to increase their crypto investments in the future.

Another striking data in the report is that more than half of investors in their 50s hold crypto for retirement preparation. 78% of this age group stated that they are investing in virtual assets to create significant savings, while 53% said they are directly investing for their old age preparation.

79% of investors use crypto to "grow their money," while only 24% invest for "fashion and entertainment" and 22% for "daily living expenses." This indicates that crypto is now seen as a serious portfolio asset.

The behaviors related to crypto investments are also maturing. The proportion of regular investors has increased from 10% to 34%, while the proportion of medium-term traders has risen from 26% to 47%. On the other hand, the proportion of short-term investors has decreased from 48% to 45%.

While 90% of investors indicate that they only hold coins, interest in next-generation digital assets such as NFTs and security tokens remains low. 60% of investors holding an average of two different coins include Bitcoin in their portfolios. Initially, investment strategies weighted towards Bitcoin are expanding over time with the diversity of altcoins and stablecoins.

The biggest complaint of investors has been the inability to establish a connection between exchanges and existing bank accounts. In the current system, only a single bank account can be assigned to exchanges. 70% of participants stated that they would prefer their main bank if this restriction were lifted.

Market volatility (%56), exchange risk (%61), and concerns about fraud (%61) still significantly affect investment decisions. In contrast, investors see the more active role of traditional financial institutions (%42) and the increase in regulatory framework (%35) as a positive step.

*This is not investment advice.

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