South Korean investors have reduced their exposure to digital currencies by half over the past year, as investors turn to a strong stock market and dollar-denominated stablecoin holdings, which surged nearly tenfold amid a strong dollar.

Data from the Bank of Korea (BoK) showed that domestic digital asset holdings plunged from KRW 121.8 trillion ($93.7 billion) in early 2025 to KRW 60.6 trillion ($46.6 billion) at the end of February, according to a report on May 6 from local outlet Korea…