According to Kaiko data, as of 2025 this month, the cryptocurrency trading volume denominated in Korean won (KRW) has reached $663 billion, making it the second largest cryptocurrency market in the world after the US dollar ($832 billion). About one-third of South Korean adults hold cryptocurrency assets, which is twice that of the United States, indicating a continued increase in their political and economic influence. However, structural issues such as market fragmentation, low adoption of stablecoins, and "kimchi premium" still constrain institutional participation and product innovation.