According to Odaily, Markus Thielen, the founder of 10x Research, has stated on LinkedIn that the trading volume of cryptocurrency in South Korea sometimes exceeds that of the stock market. For instance, in early March of this year, the trading volume of cryptocurrency reached $16 billion, while the total trading volume of Kospi was $8 billion. The trading volume of SHIB was $3.5 billion, surpassing Samsung Electronics.
Analysis indicates that South Koreans are noticeably more inclined to invest in cryptocurrency. This is associated with the high potential returns of cryptocurrency, a fiercely competitive labor market, and a high-cost real estate market. Furthermore, many South Koreans have been playing video games and making electronic payments from a young age, making them more receptive to cryptocurrency.