Many South Korean lawmakers are quietly shifting their assets into cryptocurrency and foreign stocks, prioritizing Bitcoin, XRP, PEPE, and US tech companies over the domestic market.
Energy Kyungjae's investigation shows that this trend is spreading among the public and politicians: trading on mobile platforms makes cryptocurrency a more popular investment choice than domestic stocks.
MAIN CONTENT
Many lawmakers hold cryptocurrency and foreign stocks instead of KOSPI.
About 16 million South Koreans are trading cryptocurrency; expected to reach 20 million by the end of 2025.
Personal examples include holdings in XRP, PEPE, Bitcoin, and stocks in Microsoft, NVIDIA, Apple, Tesla.
How are South Korean legislators shifting towards cryptocurrency investment?
Live: An investigation by Energy Kyungjae found that many members of the National Assembly's Culture, Sports, and Tourism Committee are shifting their capital into cryptocurrency and foreign stocks.
Analysis: About 16 million South Koreans are trading on platforms like Upbit, Bithumb, Coinone, Korbit, and Gopax, a number expected to rise to 20 million by the end of 2025, surpassing the approximately 14.1 million domestic stock investors. The convenience of mobile applications makes cryptocurrency trading nearly on par with banking services.
What are the notable cryptocurrency holdings of lawmakers?
Live: Some lawmakers publicly hold tokens like XRP and meme coin PEPE, along with Bitcoin and other tokens, indicating a diverse portfolio.
Analysis: Reported examples include Jin Jong-oh (opposition People Power Party) holding over 3,300 XRP along with a small amount of XCORE and Paycoin; his portfolio value increased from $1,768 to nearly $9,600 in a few months. His mother holds Bitcoin, Chiliz, Sandbox, and 3.2 billion PEPE. Yang Moon-seok (Democratic Party) has approximately $1,300 worth of XRP. These figures illustrate the presence of cryptocurrency on both political sides.
Which foreign stocks are lawmakers investing in, and what does that mean?
Live: In addition to cryptocurrency, many legislators are purchasing US tech stocks such as Microsoft, NVIDIA, Apple, Tesla, and shares in unlisted South Korean gaming companies like Xten Games, Memray.
Analysis: The combination of cryptocurrency and global tech stocks indicates they are seeking superior returns compared to the domestic market. Amid the government's push for a KOSPI 5000 plan to revive the domestic stock market, the personal portfolios of some lawmakers lean towards cross-border assets and blockchain platforms.
What are the policy implications when lawmakers are also cryptocurrency investors?
Live: When policymakers simultaneously hold cryptocurrency assets, this move can influence their perspectives and priorities in regulatory development.
Analysis: Lawmakers' participation in the cryptocurrency market could provide practical insights when proposing policies, but it also raises questions about conflicts of interest and transparency. The report suggests that personal investment trends reflect the future expectations of a segment of the political sphere regarding the role of cryptocurrency and global technology in South Korea's finance.
Frequently Asked Questions
Where does this information come from?
According to Energy Kyungjae's investigation, the content is based on publicly available documents about the assets and transactions of several lawmakers in the Culture, Sports, and Tourism Committee of the National Assembly.
How many South Koreans are currently trading cryptocurrency?
About 16 million people are trading on major exchanges, a number expected to rise to 20 million by the end of 2025, according to the cited report.
Is the phenomenon of legislators holding cryptocurrency prevalent across parties?
Yes, the report cites examples from both the People Power Party and the Democratic Party, showing that this trend is not confined to one political side.
Does a legislator's portfolio influence policy?
The personal portfolio may influence policy perspectives, but the report only outlines investment trends; it does not draw conclusions about specific policy decisions.
Source: https://tintucbitcoin.com/nghi-si-han-quoc-dau-tu-btcxrpmeme-coin/
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