South Korea's cryptocurrency market has contracted by $24 billion, a 27% decrease over the past six months, according to the Bank of Korea (BOK). This decline reflects a significant slowdown in the domestic market, with both transaction and deposit volumes falling sharply. The BOK attributes this downturn to a surge in the domestic stock market, which has attracted capital away from cryptocurrencies. Despite a global increase in stablecoin market value, South Korea's daily crypto transaction volume plummeted nearly 80%, from 17.1 trillion KRW in December 2024 to 3.2 trillion KRW in June 2025. This trend highlights the shifting investment landscape in South Korea, as investors pivot towards traditional stock markets.