South Korean University Students Invest in Cryptoassets
Investment in cryptoassets, particularly among South Korean university students, is on the rise, a recent survey conducted by the Korea Investment and Securities has revealed. The survey, carried out between June 11 and June 22, involved over 400 students, shedding light on their investment preferences and choices.
Young Investors Driving Crypto Adoption
- 72% of respondents are investing in overseas stocks, particularly NYSE-listed firms.
- 89% of these students intend to expand their NYSE portfolios in the near future.
- 87% of the participants without NYSE portfolios plan to invest in US shares within the next 12 months.
- 40% of students are investing in both stocks and cryptoassets.
Reasons for Investing in Cryptoassets
- High expected rate of return on tokens.
- Expectation of coins having high value in the future.
Preference for Overseas Markets
- Only a small percentage invest in other Asian stock markets like Japan and China.
- Young Koreans find overseas firms more stable and less volatile compared to domestic stocks.
Financial Behavior of Students
The survey also highlighted the financial behavior of students, showcasing their investment habits and attitudes towards various financial products.
Increased Investment in Cryptoassets
- 54% of respondents started investing at least three years ago, up from just over 18% in a previous study.
- Most students have invested over $3,590, with 40% investing more than $7,180.
- Approximately 17% admitted to going into debt to buy stocks and crypto.
Investment in Diverse Financial Products
- Aside from stocks and cryptoassets, students also invest in principal-guaranteed assets, ETFs, funds, and bonds.
- Survey reflects lack of trust in pension services, savings accounts, and domestic stock market.
Changing Financial Landscape
These findings point to a significant shift in the financial behavior of South Korean university students, indicating a growing interest in overseas markets and alternative investments.
Hot Take: Young Investors Embrace Crypto
As the survey reveals, South Korean university students are increasingly drawn to cryptoassets and overseas stocks, signaling a changing investment landscape among the younger generation.
Sources:
– ST Foreign Desk Twitter
– Bloomberg Markets Twitter
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