Survey: A quarter of surveyed South Koreans own cryptocurrency, with most focusing on short-term gains

A new survey conducted by Hashed Open Research, a think tank affiliated with blockchain accelerator Hashed, found that one quarter of South Koreans surveyed own cryptocurrency, with most people stating they trade cryptocurrencies for short-term profits.

The company surveyed 2,000 South Koreans aged between 20 and 69. Of these respondents, 25% (507 people) said they are "currently investing in cryptocurrency". More than half (54%) of those aged between 30-39 stated they have previously held or currently hold cryptocurrencies. Meanwhile, 43% of those in their forties indicated that they have traded or are currently trading cryptocurrencies. The proportion of traders and investors in other age groups is smaller. Among the population aged between 20-29 years old, it was reported that around 38.8% had bought or sold Bitcoin or altcoins.