South Korean individual investors are turning to cryptocurrency-related stocks, and investments in stablecoins are increasing.

[Coin World] According to reports, individual investors in South Korea have recently reduced their investments in large U.S. tech stocks and increased their purchases of stocks related to Crypto Assets. A report released by the International Financial Center on August 11 pointed out that with the passage of the U.S. "Genius Act", investments related to stablecoins have increased.

From January to April this year, South Korean individual investors had an average monthly net purchase of 3.8 billion USD in overseas stocks, but in May and June, they turned to net sales of 1.29 billion USD and 390 million USD respectively. In July, individual investors net bought 490 million USD again, but the buying momentum weakened. The report also pointed out that since June, the South Korean stock market has outperformed overseas markets such as the United States, and the Korean won has shown strength, leading individual investors to flow back into the domestic stock market.

The proportion of crypto assets-related stocks among the top 50 net bought stocks by individual investors increased from 8.5% in January to 36.5% in June and 31.4% in July.