Catenaa, June 29, 2025- A majority of South Korean adults plan to increase their cryptocurrency investments, as President Lee Jae Myung’s administration pushes ahead with a regulatory framework to legalize won-based stablecoins.
A survey by the Hana Financial Research Institute found that 70% of respondents aged 20 to 59 expect to buy more crypto in the next year, with 27% already holding digital assets.
The move coincides with a major stock market rally, fueled by investor excitement over companies preparing to issue stablecoins under new legislation.
The ruling party’s bill allows firms with as little as 500 million KRW in capital to issue won-backed tokens, mirroring the US GENIUS Act.
The KOSPI Composite Index neared a four-year high, buoyed by stocks linked to the Bank of Korea’s digital asset pilots. Meanwhile, Korean investors have poured over $443 million into shares of US-based Circle, the issuer of USDC, making it the country’s most traded foreign stock.
Despite concerns over volatility, security ranked lower among investor worries. Middle-aged investors led adoption, with many citing retirement planning.
Tech-friendly firms like KakaoPay have seen stock surges of more than 130% in the past month, amid optimism around President Lee’s digital finance policies.
