Household debt for younger Koreans — those born from the 1980s onward — has surged to $22.7 billion, up from $3.9 billion from last year. Data from South Korea's Financial Supervisory Service (FSS), released today by Representative Kim Han-jeong of the Democratic Party of Korea, reportedly indicates that the high levels of lending are attributable to an increase in investments … [Read more...] about Young Koreans’ debt soars as they turn to crypto, stocks and real estate
Koreans
54% of Koreans say they support crypto taxes
A new survey in South Korea has shown that 53.7% of respondents support the upcoming implementation of capital gain taxes on profits from crypto trading, local outlet Yonhap News Agency reported today.Per the publication, the survey was conducted by public opinion-focused company Realmeter on 500 Koreans aged 18 and older last Friday.According to the results, 53.7% of … [Read more...] about 54% of Koreans say they support crypto taxes
Young Koreans hooked on Bitcoin trading sparks “crypto addiction” fears
An article today from the leading South Korean newspaper Chosun Ilbo detailed the phenomenon of obsessive Bitcoin tracking and mentioned the impact of price fixation on the lives of young Koreans, even to the point of interfering with their work commitments.Psychological experts warn that compulsive price tracking may be part of a wider problem with cryptocurrency addiction, … [Read more...] about Young Koreans hooked on Bitcoin trading sparks “crypto addiction” fears