According to ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on social media: 'The Korean won and other domestic assets are completely unattractive. The government does not realize this and is merely trying to forcefully maintain prices, which has led to a surge in exchange rates. The USDT traded on Upbit has already reached exchange rates at IMF crisis levels.'
I personally believe that there is currently a significant outflow of national wealth. Many wealthy individuals I know are leaving Korea. The outflow of national wealth is just a reflection of the country's cognitive ability report card,' he further pointed out: 'The government should not forcibly try to retain capital fleeing overseas but should think about how to encourage capital to return voluntarily.
We need to cultivate industries, provide incentives for investors, and open up business opportunities. I hope to stop these unnecessary regulations. Because I am not very familiar with domestic politics, I do not know who can make such changes. As a Korean company, I have persevered for 7 years, but now I am also considering whether I should leave Korea. It is really frustrating.