The South Korean cryptocurrency market lost 24 billion dollars in six months due to a fall in trading volume.

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The South Korean cryptocurrency market has lost approximately 24 billion USD in the first half of 2025, with total domestic assets decreasing from 121.8 trillion KRW to 89.2 trillion KRW. Trading activity has sharply declined, from 17.1 trillion KRW per day in December 2024 to just 3.2 trillion KRW in June. Despite Bitcoin being bullish, individual investors are still actively withdrawing funds, shifting to domestic stocks, particularly American technology stocks.

Exchange deposits decreased from 10.7 trillion KRW to 6.2 trillion KRW, and stablecoin trading has also slowed down. The government is promoting crypto growth: President Lee Jae-myung views digital assets as a national mission, and the Democratic Party is forming a crypto policy task force to enact legislation before the end of the year. Reforms include classifying exchanges as "startups," easing restrictions on institutional investment, approving ETFs, and establishing dedicated crypto teams at major banks.

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