Deep Tide TechFlow News, on December 19, CryptoQuant CEO Ki Young Ju stated on social media: 'The Korean won and other domestic assets are completely unattractive. The government is unaware of this and is just blindly trying to maintain prices, which has led to a surge in exchange rates. The USDT traded on Upbit has already reached an IMF crisis-level exchange rate. Personally, I believe that a massive outflow of national wealth is currently happening. Many wealthy people I know are leaving South Korea. The outflow of national wealth reflects the report card of the country's cognitive ability, doesn't it?'
He further pointed out: 'The government should not forcibly retain capital fleeing overseas but should think about how to encourage capital to return voluntarily. We need to nurture industries, provide incentives for investors, and open up business opportunities. I hope to stop this unnecessary regulation. Due to my limited understanding of domestic politics, I don't know who can bring about such changes. As a Korean company, I have persisted for 7 years, but now I am also considering whether I should leave South Korea. It is really frustrating.'