According to a report, crypto accounts over 1 billion won ($750K) of 3,759 South Koreans’ holdings.
The South Korean National Assembly was presented with virtual assets owned by the mass that is important to be reported on. The Total No. is stated that over the last year, there are 3,759 large account holders whose deposits exceed one billion won (about $750,000).
A member of the Democratic Party Ahn Do-geol submitted a report called :Size of Virtual Asset Ownership to the planning and finance committee of the national assembly.
185 young South Koreans, aged 20’s have purchased bitcoins and other forms of virtual assests
The local reports indicate that out of a total of 3,759 South Korean virtual asset owners, more than 185 of them are under twenty. They are the third largest in terms of owning virtually liquid assets in Korea.
From the analysis of the database, the young investors average about 967.2 billion wan worth of virtual Asset most of who approximately 5.228 billion wan ($391 thousand) per person hold this asset.
They also noted that such assets are either due to family inheritance or simply smart young investor assets accumulated at the beginning of these investors’ work careers.
As the authors note, South Korean youth are already affecting cryptocurrencies, however, investors in their 40’s stand out in this regard. This group consists of 1,297 members who own more than 1 billion won in assets and they total 12.497 trillion sense capital. which averages 9.29 billion sense $6.95 million per person.
However, Koreans aged over 50 are at the highest level of the food chain. This demographic group also has the greatest amount of total asset value.
