Odaily Planet Daily reported that there are approximately 3400 ultra-high net worth accounts in South Korea that have invested over 1 billion Korean won (approximately 749000 US dollars) in virtual assets, with an average investment of 9.45 billion Korean won (7.08 million US dollars) per account.
According to information obtained by South Korean Democratic Party lawmakers from the Financial Supervisory Agency, out of 7.7 million virtual asset accounts opened by the two major virtual asset exchanges in South Korea, Upbit and Bithumb, accounts for only 1% with assets exceeding 100 million Korean won, but the investment scale accounts for 70% of the total amount.
Accounts with investments exceeding 1 billion Korean won account for only 0.04% of all accounts and hold 47% of the total investment amount, indicating that the cryptocurrency market is more concentrated than the stock market. Among these high net worth accounts, investors in their 40s account for the largest proportion, with the largest average holding size being those in their 50s, averaging 14.8 billion Korean won.
Out of the 16.69 million accounts opened on Upbit and Bithumb, less than half (7.7 million) are active accounts for actual investment, with an average holding amount of 8.93 million Korean won, equivalent to a market value of 68.8 trillion Korean won.
In terms of investment scale, the number of accounts investing less than 10 million Korean won accounts for 92% of the total, with an average investment amount of 650000 Korean won for these accounts. （Einfomax）
