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South Korea FSC: In the First Half of This Year, the Market Value of South Korean Virtual Assets Increased by 46% Year-on-Year

According to a report by the Financial Services Commission (FSC) of South Korea on Monday, the market value of virtual assets in South Korea reached 28.4 trillion won (approximately $21.1 billion) from January to June this year, a year-on-year increase of 46%. During the same period, the global market value of virtual assets increased by 53%.

In the first six months of this year, the operating profit of virtual market operators in South Korea increased by 82% to 227.3 billion won, and deposits increased by 11% to 40 trillion won during the same period. The FSC investigated a total of 35 virtual asset operators in the country, including 26 cryptocurrency exchanges.

Although the market value of cryptocurrency has increased, the daily cryptocurrency trading volume of the 26 exchanges decreased by 1.3% from six months ago to 29 trillion won from January to June. As of the end of June, the number of individual and corporate cryptocurrency traders decreased by 210,000 to 6.06 million. 

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