$19B Leaves South Korean Banks—Heading Straight to Crypto and Stocks

Quick Summary:

South Korea’s crypto market is seeing a surge as investors shifted 27 trillion won ($19.2 billion) from demand deposits in banks to higher-risk assets, including cryptocurrencies and stocks.

Market observers link the surge in crypto investments to the shift in the global political landscape, especially after Trump’s return.

Data from the Financial Supervisory Service, shared […]

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Article Details

Author / Journalist: Lipika Deka

Category: Crypto

Markets: IndiaSouth Korea

Topics: Cryptocurrency News Market News Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 07:30:00 (2 days ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 154 words

Reading Time: 1 minutes read

Sentences: 43 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 24085097

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 10 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 17 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #124

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