More than Koreans in the 20s and 50s now own digital assets, with their cryptocurrency investments accounting for 14% of their financial portfolio, according to a new report from HANA FINESTITUTE.
this study,title Virtual Asset Investment Trends in Generation 2050indicating interest in cryptocurrencies across age groups. Those in their 40s led the participation with 31%, followed by those in their 30s, at 28% and 50s, at 25%.
78% of respondents in their 50s said they used cryptocurrency as a way to accumulate funds, while 53% said they were preparing for Retirement through crypto investment. Now, more and more respondents are referring to growth potential, diversified and structured savings plans as key motivations for investment.
Meanwhile, 70% of respondents expressed interest in expanding crypto investment in the future. 42% said that if traditional financial institutions play a bigger role in the crypto market, they would invest more, and 35% of legal protection is a key factor in strengthening confidence.
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South Korean investors buy cryptocurrencies regularly
The investment model is also maturing. The proportion of investors making regular purchases increased from 10% to 34%, and mid-term trading increased from 26% to 47%, while short-term trading decreased slightly.
The way investors get information is also changing. According to the report, the reliance on word of mouth has decreased, while the use of official communication and analysis platforms has increased.
Bitcoin (BTC) remains the main option, with one-tenth of investors including BTC in their holdings. However, as experience grows, many people diversify into altcoins or Stable. No sterilization token (NFTS) and Security Tokens (STOS) remain a niche market, with 9 out of ten investors sticking to coins only.
“Virtual assets play an important role in investors’ portfolios,” said Yoon Sun-Young, a researcher at Hana Financial Research Institute. “Investors expect legal institutionalization and expansion of the role of existing financial sectors.”
One of the main pain points highlighted is the restrictions that prevent linking multiple bank accounts to crypto exchanges. Seven out of 10 investors said they would benefit their major banks if the rule was relaxed.
Concerns about market volatility are still widespread (56%), while those who are hesitant to invest are more evident about the risk of exchange or fraud.
Related: The Central Bank of Korea hopes to gradually
Desperate South Korea’s crypto boom
Last week, Anzaetek Chief Product Officer Eli Ilha Yune said cryptocurrency adoption of cryptocurrencies Not driven by optimism about blockchain technology.
When Yune spoke at the German Blockchain Week, many young Koreans were turning to cryptocurrencies out of financial despair, seeking fast profits rather than supporting the Web3 ideal.
Youth unemployment in South Korea is a key factor, 6.6% higher, more than double the national average. Yune explained that South Korea’s once high-growth economy has stagnated, leaving many young people unemployed and unable to afford real estate or get meaningful returns from traditional investments such as stocks.
According to Yune, under such economic pressure, encryption has become the only viable investment option for the younger generation in South Korea. He noted that while some young investors understand the technology of crypto, many investors are not aware of their infrastructure.
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