South Korea’s crypto market surged in November, with trading volumes rivalling the stock market and over 15 million accounts, fuelled by a bullish run after the US presidential election. Bitcoin jumped by 50% over the past month, while the total number of crypto accounts climbed to 15.59 million. Data from the Bank of Korea, released under the new Virtual Asset User Protection Act, showed domestic investors held KRW102.6tr in virtual assets by end-November, up from KRW58tr in October. Average daily trading reached KRW14.9tr, comparable to the combined KRW16.89tr for the Kospi and Kosdaq. The National Assembly deferred crypto taxation until 2027. Authorities are monitoring changes in US policy under President-elect Trump as they refine domestic regulations.