About 3,400 ultra-high net worth accounts in South Korea invested more than 1 billion won in virtual assets, with an average investment of 9.45 billion won.

There are about 3,400 ultra-high net worth accounts in South Korea that have invested more than 1 billion won (about $749,000) in virtual assets, with an average investment of 9.45 billion won (7.08 million dollars) per account. According to data obtained by members of the Democratic Party of Korea from the Financial Supervisory Service, of the 7.7 million virtual asset accounts opened by Upbit and Bithumb, the two major virtual asset exchanges in South Korea, only 1% have assets exceeding 100 million won, but the scale of investment accounts for 70% of the total amount. Accounts with investments exceeding 1 billion won account for only 0.04% of all accounts and hold 47% of the total investment amount, showing 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, and the largest average holdings are investors in their 50s, with an average of 14.8 billion won. Of the 16.69 million accounts opened on Upbit and Bithumb, less than half (7.7 million) are active accounts that make actual investments, with investors holding an average of 8.93 million won, or 68.8 trillion won in market value. In terms of investment scale, the number of accounts with investments below 10 million won accounted for 92% of the total, and the average investment amount of these accounts was 650,000 won. (Einfomax)