Youth Insolvency Spikes in South Korea – Is a Rise in Crypto Investment to Blame?

Crypto investment is being blamed for a spike in the number of South Korean people aged 20-39 declaring insolvency.
Per Maeil Shinmun, the Seoul Rehabilitation Court said:
“The rise in [insolvency] seems to have been influenced by a growth in economic activities such as cryptocurrency and stock market investment among young people.”
The court remarked that the problem was particularly pronounced in those “under the age of 30.”…
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Melvin Akins

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