The trend of South Korean youth turning to cryptocurrency is largely due to financial desperation. Local expert Eli Ilha Yune indicated that many are not fueled by optimism about crypto’s potential but are instead seeking quick cash solutions amid economic challenges.
With youth unemployment in South Korea at 6.6%, the traditional investments like real estate have become unattainable. As housing prices in Seoul soar to 1 billion won, crypto trading appears to be the only viable option left for many young people.
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