CryptoQuant CEO： The South Korean financial crisis may force cryptocurrency companies to go overseas

According to Cryptonews, Ki Young Ju, founder and CEO of CryptoQuant, expressed concerns about South Korea's financial stability and warned that poor economic policies and political turmoil may force cryptocurrency companies and capital to withdraw from South Korea. Ju posted on X platform criticizing South Korea's economic policies, pointing out the problems of the appreciation of the Korean won and the decline in domestic asset attractiveness. Ju further pointed out that the government's efforts to stabilize the currency have not been effective, but have instead exacerbated economic instability. In particular, the USDT value on Upbit remains consistent with the International Monetary Fund (IMF) exchange rate, which is seen as a warning signal reflecting a weakening of confidence in the South Korean economy. At the same time, the depreciation of the Korean won may indicate capital flight, where investors transfer assets abroad to avoid economic losses. Ju expressed dissatisfaction with the government's attempt to retain capital, emphasizing the need to reduce restrictions and increase incentives to encourage investment. As a domestic business operator who has been operating in South Korea for seven years, Ju also expressed his growing dissatisfaction and hinted at the possibility of relocating the company elsewhere.