South Korean home buyers channel 148.5 billion won from crypto sales into property

  • South Korean buyers used digital-asset sale proceeds to purchase homes.
  • 148.5 billion won was reported across 1,688 financing-plan submissions.
  • Separate reporting of digital-asset proceeds began on Feb. 10, enabling official tracking.

South Korean home buyers used 148.5 billion won ($111.2 million) from digital-asset sales to purchase homes between Feb. 10 and the end of July, according to data from the Ministry of Land, Infrastructure and Transport obtained by the office of Rep. Kim Jong-yang of the ruling People Power Party. The figure is the first official tally of cryptocurrency-sale proceeds flowing into the property market. The data covered 1,688 Home Acquisition Financing Plan submissions, with an average of about 88 million won in digital-asset proceeds per purchase. Apartments received 133.2 billion won, or about 90% of the total, while properties priced at 1.5 billion won or more accounted for 95.2 billion won, or roughly 64%. Seoul attracted 112.3 billion won, or 75.7% of the nationwide total. Buyers in their 30s and 40s supplied 131.9 billion won, or about 89% of all proceeds, as crypto gains were assessed as a supplementary funding source amid lending restrictions including the Debt Service Ratio (DSR). Monthly flows rose from 8.8 billion won in February to 41.4 billion won in June before falling about 66% to 14.2 billion won in July. The government introduced a separate reporting category on Feb. 10 to improve fund verification and prevent disguised gifting or evasion of source-of-funds investigations.

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