A new report from the Hana Institute of Finance has shown that digital assets have become a common part of personal finances in South Korea.
Among people aged 20 to 50, around 27% now hold some form of cryptocurrency. On average, these assets make up 14% of their total financial holdings.
The report found that people in their 40s were the most involved. About 31% of them owned crypto, followed by 28% of people in their 30s and 25% in their 50s.
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Many in their 50s reported investing for long-term goals, 78% said they were building funds, and more than half were planning for retirement.
Most investors were motivated by a mix of reasons. Many said they saw crypto as a way to grow their money, spread out their risk, and follow a savings plan.
Seven in ten said they were likely to increase their crypto holdings. For 42% of them, stronger involvement from regular banks would increase their confidence. Only 35% said legal protections were a top concern.
People’s habits around investing are also shifting. More users buy crypto regularly, with that group growing from 10% to 34%. Mid-term holding periods also went up, from 26% to 47%. Meanwhile, short-term trades became a bit less common.
The way people obtain information is also changing. Fewer rely on advice from friends or online forums. Instead, they use official exchange sites and data tools to make decisions.
Furthermore, six out of ten crypto investors include Bitcoin
Recently, a report by Gemini
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Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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