South Korea's Crypto Exchanges Bleed $367M in Stablecoin Outflows
South Korea's crypto exchanges have been hemorrhaging stablecoins for nearly two years. According to data from the Financial Supervisory Service, net stablecoin outflows from the country's five major exchanges reached 560.3 billion won (approximately $367 million) in June 2026.
This marks the 18th consecutive month of capital flight from South Korea's crypto market. The cumulative total since January 2025 now stands at around $10.4 billion, or 14.92 trillion won.
The trend is fueled by regulatory limbo surrounding the Digital Asset Basic Act, which has been stuck in delays due to disputes over stablecoin regulation and oversight responsibilities between the Financial Services Commission and the Bank of Korea.
As a result, South Korean investors are increasingly funneling dollar-denominated stablecoins towards offshore derivatives trading platforms, decentralized finance protocols, real-world asset products, and overseas equity markets.