South Korean Shares Decline as Political Turmoil Rises With Acting President's Possible Impeachment
The title of "a country of speculating on coins" is well-deserved! The central bank of South Korea: more than 30% of South Koreans Hold Cryptos.
① The number of "crypto traders" in South Korea has surged, with over 15.59 million cryptocurrency investors in November, accounting for more than 30% of the total population; ② The reason behind this may be the sharp rise in Bitcoin prices and optimistic market sentiment after Trump won the USA election; ③ The total cryptocurrency holdings and daily trading volume of the South Korean public have significantly increased, with trading volume now approaching stock market levels.
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The acting president has also been impeached! The political scene in South Korea is in chaos, and the won once hit a new low not seen in over 15 years.
After Prime Minister Han Duck-soo, who is acting in the capacity of the President, refused to approve the nomination of a constitutional court judge, South Korea's largest opposition party, the Democratic Party, has submitted a motion to impeach Han Duck-soo.
South Korean Shares Decline on Overseas Sell-Off, Lackluster Domestic Econ Data