INSUBCONTINENT EXCLUSIVE:
Cryptocurrency is booming in South Korea, but beneath the surface, the surge is driven less by optimism than by the economic desperation of
its younger generation, according to a local expert
Crypto exchange users in South Korea have surpassed 16 million, according to data from late March, after receiving a boost from US
for blockchain technology
opposed to the country issuing a Korean won-based stablecoin.Related: South Korea to investigate fees of local crypto exchangesThe dire
Also, 34% of local high-net-worth individuals already own crypto, according to local reports.Still, according to Yune, this is not motivated
He said South Korea is used to having a high-growth economy that found itself unable to keep the pace, leaving the younger generations
unemployment rate.Related: Kaia pledges won-pegged stablecoin as South Korean payment stocks rallyReal estate out of reachYune admitted that
stocks would be the first option for South Korean youth to consider
price-to-income ratio for the city is reportedly 15.2
crypto.Magazine: Korea to lift corporate crypto ban, beware crypto mining HDs: Asia Express
