South Korea's financial regulatory agency, KOFIU, released a report revealing a substantial increase in the country's crypto user base to 6.45 million by the end of 2023, marking a rise of 390,000 users.

The report underscores the country's growing interest and participation in the crypto market, with a notable surge observed in the second half of 2023.

Investor profiles outlined in the report show diverse investment sizes, with a significant number of investors holding accounts valued at over 100 million Korean won.

Additionally, the report highlights unique trading patterns in Korea compared to global exchanges, with altcoins like Ripple (CRYPTO:XRP) and Ethereum (CRYPTO:ETH) gaining prominence.

The findings indicate South Korea's position as a key player in the global crypto landscape, with ongoing political discussions and promises related to digital assets shaping the country's regulatory environment.