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South Korean stocks hit a historic peak, cryptocurrency trading plummets
CryptoQuant's CEO, Ki Young Ju, emphasized the notable difference in the South Korean financial market: the KOSPI stock index reached a record high while the cryptocurrency trading volume fell to a historic low.
He agrees with the viewpoint of an analyst that the South Korean government, under President Yoon Suk-yeol, is deliberately stimulating the stock market to redirect speculative funds away from real estate. This strategy appears to be aimed at reshaping public investment behavior amid the president facing numerous legal and political accusations. Observers believe that this move both bolsters economic sentiment and helps alleviate criticism during a politically sensitive period.