A survey by Korea Investment and Securities revealed that 40% of South Korean university students are investing in cryptocurrencycurrencies like Bitcoin. The survey included responses from over 400 students between June 11 and June 22.
The survey also found that 72% of respondents are involved in overseas stock investments, mainly focusing on NYSE-listed companies. Of these, 89% plan to diversify their NYSE portfolios soon, and 87% aim to enter the market within the next year.
When asked about their investments in tokens, 40% of the respondents said they invested in cryptocurrencycurrencies. More than half of these students cited high expected returns as the reason for their investments.
However, interest in other Asian stock markets is low. Only 5% of respondents invest in Japanese stocks and just 3% in Chinese stocks. This suggests that young South Koreans are not very confident in their local stock market, considering it more volatile than foreign markets.
The study also shows that financial literacy among students is gradually improving. More young people are starting to invest early. Over half of the respondents began investing in the last three years, with many investing large amounts, over $7,180.
Some students have even taken on debt to fund their investments in stocks and cryptocurrencyassets. This highlights the increasing financial gains and losses among South Korean youth.
This survey reflects a significant change in the financial attitudes of young South Koreans. They are now more willing to invest in global markets and cryptocurrencycurrencies than in domestic ones.
The survey indicates a shift in the investment patterns of South Korean university students. They are moving towards diversified global investments, including cryptocurrencycurrencies, due to higher expected returns and perceived stability in overseas investments.
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