South Korea has seen cryptocurrency-based overseas remittances climb 380% in the past three years, outpacing growth in traditional bank transfers as financial institutions increase their focus on blockchain-powered payment services.
Summary
- Cryptocurrency remittances through South Korea’s five largest won based exchanges have climbed 380% since 2022, reaching 163.55 trillion won last year.
- Overseas transfers through South Korea’s five major banks grew 20% over the same period, totaling about 1,590 trillion won in 2025.
- South Korean banks are expanding their focus on stablecoins and blockchain payments as the country prepares to launch a regulated virtual asset transfer…
