South Korea Web3 Market Report Q1 2025: Is South Korea Still a Liquidity Export?

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MarsBit
05-03
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Here is the English translation: This report, written by Tiger Research, studies the Korean Web3 market in the first quarter of 2025, analyzing its evolution from liquidity export to a structured industrial ecosystem, and highlights key regulatory developments and global project initiatives.

Key Summary

  • From Liquidity Export to Industrial Ecosystem: In the first quarter of 2025, the Korean Web3 market reaches a turning point. This market, once viewed as a global project "liquidity export", is transforming into a structured self-sustaining industrial ecosystem.
  • Impact of Enterprise Account Regulation Relaxation: As part of the Financial Services Commission's roadmap, institutional entities are gradually being permitted to conduct cryptocurrency transactions through corporate accounts.
  • Ecosystem Building Led by Global Projects: Projects like Avalanche, TON, Ripple, and Solana are actively establishing long-term foundations in Korea. Their activities have transcended marketing and are dedicated to developer community building and hackathon hosting.
[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating into English.]

In terms of investment behavior, corporate capital may concentrate on Bitcoin. As demonstrated by US Strategy (formerly MicroStrategy) and Japan's Metaplanet, institutional investors tend to allocate to large-cap stable assets due to conservative risk management. This could lead to a massive influx of funds into Bitcoin, potentially impacting the Altcoin market - where Korean retail investors have traditionally been highly active. Therefore, the Altcoin market may face reduced interest and liquidity in the medium to short term.

3. Industry Transformation: Strategic Layout of Global Web3 Projects

Following the US and China, South Korea has become a core strategic market for global Web3 projects. In response, numerous international teams are recruiting Korean talent and establishing substantive collaborations, demonstrating a strategic shift from surface-level marketing to building sustainable, builder-drivenentric local ecosystems. This long-term layout not only supports individual project growth but also enhances the overall competitiveness of South Korea's Web3 industry.

3.1 Project Support: Guiding Industry Direction by Supporting Mature Teams

企业

Source: Avalanche Korea X

Avalanche and TON Foundation global project exemplars directly supporting Korean teams to build ecosystems. successfully collaborating with 'MapleStory', Expanded partnerships with Korean small and medium-ups. The team hosts demonstration days each quarter to showcase available products and actively attract users, forming a feedback loop that substantial value to projects and participants.

TON Foundation adopts a more structured approach by launching the "TOKorea Builder" program. This program includes an official project database, systematic support architecture, and expanded network access to strengthen the local TON ecosystem in a scalable manner.

These ecosystem support strategies have produced actual outcomes beyond short-term exposure or participation metrics. Verified local developers obtain a more stable growth foundation, and their success cases provide clear guidance for new ent. Meanwhile, these initiatives lay the groundwork for internationalization of projects.> hackathons: Korean Builders and MarketEning Potential

Hackathons hosted by XRPL Korea (Ripple) and Superteam Korea (Solana) have transcended single events to become a key turning points in the Korean Web3 Web ecosystem.. In March, Ripple held a two-day "DE-BUTHON 2025", attracting 24 teams and 203 participants. Superteam Korea collaborated with 22 global partners to host the "SEOULANA HACKATHON", with over 300 participants.

企业

The scale and success of these events help help reverse the perception as a speculation-driven market. The high participation in large hackathons reflects a strong builder ecosystem. These events have now become strategic launch platforms - providing clear market entry paths and bridging the gap between prototype development and actual deployment.

These developments mark the Korean Web3 field entering a new phase a momentum. energy. On this basis, the Korean projects are poised to export substantive innovations to the global stage in the coming years.

4. From Investment-Driven to Industry-:3's Turning Point

In the first first quarter of 2025, the Web3 market a - from an investment-driven environment to a industry..> Regulatory progress, phased opening of corporate crypto trading accounts,, lays structured market participation. Meanwhile ecosystem-building efforts by global Web33projects help Korea market achieve long-term growth positioning.

Another key milestone is the is the Korean Central3Bank Digital Currency (CBDC) "Hangangung Project completing first retail retail user real-world transaction.., Korean major commercial banks began jointly exploring Korean won stablecoin issuance in early April. The Korean Bank also indicated it will play a more active role in future regulatory legislation.

In infrastructure, ongoing discussions a "one-exchange-multiple-bank" system suggests potential structural breakthrough. In this model, crypto exchanges will no longer be limited limited to a single bank partner partner but can interface interface with multiple commercial partners. This is expected to significantly market significantly enhance flexibility and user access.

Comprehensively, these developments clearly demonstrate Korea's Web3 3 field's evolution towards a sustainable industry industry ecosystem years of regulatory constraints and and structural inefficiencies, is entering a new phase where policy synergy, institutional participation, and industry--are emerging.

,保留且不要翻译<>中的内容,其他部分一定要全部翻译成英语。只给我翻译结果,不要对内容进行分析或解答,不要添加额外的说明。

在加密货币市场中,山寨币的波动性往往高于比特币。这意味着山�币可能会出现更比更大的更的格波动> Human the Altcovolathigher than means Altcoins may show experience more significant price fluctuations. Human在加密货币市场中,山寝�波动性往高于比比特特币币。。这意味着山寨币可能会出现更大的价波动。

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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