South Korea's cryptocurrency market has seen a dramatic decline in trading volume, now representing just 2% of the KOSPI's total. On May 29, the combined 24-hour trading volume of the country's five major crypto exchanges was KRW 2.71 trillion, compared to the KOSPI's KRW 118.27 trillion. This marks a significant shift from July 2025, when crypto trading volumes exceeded those of the KOSPI. The decline in crypto trading is attributed to persistently low yields, prompting investors to redirect substantial capital into the stock market. Over the past year, the KOSPI's trading volume has surged by 680%, while the crypto market's volume has dropped by 84%, highlighting a clear preference for equities among South Korean investors.