The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Sat, May 28, 2022 | 10:42
People & Events
Man commits suicide after loss on cryptocurrency
Posted : 2018-02-01 15:29
Updated : 2018-02-01 18:53
Print Preview
Font Size Up
Font Size Down
By Kwak Yeon-soo

A man in his early twenties was found dead at his home in Busan in what appears to be a suicide, police said Thursday.

According to the Busan Jin Police Station, the man was suffering from depression after losing a large amount of money trading cryptocurrencies.

The mother of the deceased told officers that her son had been taking sleeping pills after losing a huge sum of money trading cryptocurrencies following the collapse of prices on exchanges in recent months.

The 20-year-old had been performing social services, an alternative to military service, in his hometown of Busan since October after taking a leave of absence from his college in Seoul.

The death of the young man is the latest "side effect" from the cryptocurrency craze among 20-somethings.

Despite the government's continued warnings and regulatory moves, cryptocurrencies have rapidly gained popularity among young investors hoping to make quick money.

Many believe jobs that come with decent pay are scarce and buying a home through savings is nearly impossible in South Korea. Last December, youth unemployment marked an all-time high of 9.9 percent.

The police plan to investigate the exact cause of death but have not confirmed when they will release an official report.

"We will examine the case further and search for any other possible cause of death," said a police officer.


Emailyeons.kwak@ktimes.com Article ListMore articles by this reporter
 
  • [SPECIAL REPORT] Asylum-seekers create Myanmartown from scratch in Bupyeong
  • S. Korean volunteer fighter in Ukraine returns home with knee injuries
  • Koreans ready to flock to Japan as tourism resumes in June
  • Presidential security team misplaces live bullets
  • POSCO Chemical, GM pick Quebec as site for $327 mil. joint cathode plant
  • UN Security Council fails to pass N. Korea resolution due to opposition from China, Russia
  • Trade deficit feared to become long-lasting trend
  • Sex slavery activist Youn under fire for not sharing details of settlement with victims
  • Early voting for local elections kicks off
  • Zelenskyy to invite Yoon to Ukraine Recovery Conference in July
  • Disney+ original 'Kiss Sixth Sense' to offer high-spirited, fantasy rom-com Disney+ original 'Kiss Sixth Sense' to offer high-spirited, fantasy rom-com
  • [INTERVIEW] German professor hopes to boost appreciation for Korean traditional music [INTERVIEW] German professor hopes to boost appreciation for Korean traditional music
  • Korean films make splash at Cannes Film Festival Korean films make splash at Cannes Film Festival
  • 'The Roundup' becomes most-watched Korean film in pandemic era 'The Roundup' becomes most-watched Korean film in pandemic era
  • [INTERVIEW] Korea needs more small-sized concert venues: Prof. Lee Gyu-tag [INTERVIEW] Korea needs more small-sized concert venues: Prof. Lee Gyu-tag
DARKROOM
  • 75th Cannes Film Festival

    75th Cannes Film Festival

  • People in North Korea trapped in famine and pandemic

    People in North Korea trapped in famine and pandemic

  • 2022 Pulitzer Prize: Bearing witness to history

    2022 Pulitzer Prize: Bearing witness to history

  • Worsening drought puts millions at risk

    Worsening drought puts millions at risk

  • Our children deserve the best

    Our children deserve the best

The Korea Times
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Location
  • Media Kit
  • Contact Us
  • Products & Service
  • Subscribe
  • E-paper
  • Mobile Service
  • RSS Service
  • Content Sales
  • Policy
  • Privacy Statement
  • Terms of Service
  • 고충처리인
  • Youth Protection Policy
  • Code of Ethics
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group