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Cryptocurrency Funds Flow into South Korean Real Estate Market, Over 70% of Buyers in Their 30s
On May 10, South Korean media reported that with the country starting to separately list proceeds from virtual asset sales in housing financing plans this year, the influx of cryptocurrency investment returns into the real estate market has been partially confirmed. According to data from the South Korean Ministry of Land, Infrastructure and Transport, from February 10 to March 31 of this year, 324 homebuyers declared the use of funds from cryptocurrency sales in their residential purchase financing plans, with 229 of them (70.7%) being in their 30s (ages 30-39). In terms of amount, the funds declared for home purchases from cryptocurrency sales by buyers in their 30s reached 10.31 billion won (approximately 7.4 million USD), the highest among all age groups. However, the proportion of cryptocurrency sale funds in their total home purchase financing is only 0.1%, indicating that the scale remains relatively limited.