PANews reported on August 24th that Yonhap News Agency reported that as of August 5th, 10,810 investors held over 1 billion won (approximately $710,000) in virtual assets on South Korea's five major won-trading exchanges, with an average holding of 2.229 billion won (approximately $1.59 million). This figure is 200 times higher than the average holding of 10,866,371 users on the five major exchanges (10.27 million won). Of those holding over 1 billion won in virtual assets, 76% (8,242) were Upbit users. Across age groups, the highest number of virtual asset holders exceeding 1 billion won was in their 50s (3,994), followed by those in their 40s (3,086), those over 60 (2,426), and those in their 30s (1,167). Although the number of people in their 20s is only 137, which is less than that of other age groups, the average holding amount per person is as high as 2.68871 billion won, which is significantly higher than that of other age groups.