South Korean Lawmakers Take Crypto Plunge: Shifting Investment Away From Stock Market

A new report reveals that South Korean lawmakers are shifting away from the local stock market in favor of digital assets. Instead of relying on the KOSPI, they are investing in Bitcoin, XRP, meme coins like PEPE and even U.S. tech giants such as Microsoft and Tesla. This move reflects a larger trend, with over 16 million South Koreans already trading cryptocurrencies through platforms like Upbit, Bithumb, Coinone, Korbit, and Gopax. Analysts predict this number could reach 20 million by the end of 2025, surpassing the current 14.1 million stock investors. This shift is fueled by the ease of trading cryptocurrencies using mobile apps, making it a preferred choice for both citizens and politicians.