· South Korea's cryptocurrency trading volume has remained high, attracting global attention, but regulatory supervision Unclear and lack of guidance hinders the development of the industry.

This restriction, coupled with a vague regulatory framework, has led to talent, capital and corporate outflows, weakening the competitiveness of the Web3 ecosystem.

· With the global web3 industry is expected to develop rapidly under Trump's leadership, South Korea must reform supervision to ensure the long-term sustainability of the industry.

"Cryptocurrency Friendship President" Trump's inauguration and the establishment of Crypto 2.0 TF of the Crypto 2.0 TF) , Will accelerate the structural changes in the global web3 market. This is a key turning point. Talent, capital and enterprises may migrate to have a sound regulatory framework, and the outflow from uncertain supervision will intensify.

2024 capital inflows/outflow conditions, data sources: Henry & Partners blockquote>

South Korea is also in this trend. Henry & Partners's "2024 Private Wealth Migration Report" shows that South Korea ranks first in the Asian high -net -worth individual immigration. Economic, social, and cultural factors have promoted this tide of immigration. Although there is no direct connection with the Web3 industry, these people often indicate the change of a commercial environment like the golden birds in the coal mine.

In this context, it is crucial to re-examine the Korean WEB3 industry. This report explores the flow of capital, enterprises and talents in the Korean Web3 market, as well as key challenges that the industry must respond.

2. Capital outflow: The offshore exchange and the accelerated chain transfer

South Korea's cryptocurrency market has developed rapidly. There are 15.6 million cryptocurrency investors, with assets of $ 73 billion. encryptionThe average daily transaction volume of currency exchanges is now comparable to the total transaction volume of the Korean Comprehensive Stock Index (KOSPI) and the Korean GEM Market (KOSDAQ). This reflects the enthusiasm of Korean investors for encrypted assets. The driving factor behind it is the low return on the stock market and the instability related to martial law.

However, the recent outflow of crypto assets has reached the degree of worrying. During the martial law, the interruption of the service of the local exchange has weakened people's trust in these platforms. At the same time, the diversified investment opportunities provided by foreign exchanges and decentralized finance (DEFI) further promoted capital migration.

The South Korean Financial Services Commission's survey in the first half of 2024 shows that the capital transfer of Vasp wallets from foreign VASP wallets has increased by 2.3 times year-on-year. The data on the chain confirmed this trend, indicating that the migration of assets from local exchanges to foreign platforms continued to increase.

In the long run, capital migration may damage the Korean Web3 industry. Trading costs and service income flow to foreign countries, weakening the competitiveness of the local ecosystem and reduced investor protection. This has also triggered concerns about the decline in the demand for the won and the increase in its value volatility.

3. Migration Tide: Move the headquarters to the

South Korean Web3 company that is friendly to cryptocurrencies is accelerating offshore migration. In 2024, NexPace and Klaytn and LINE FINSCHIA's KAIA Foundation moved to Abu Dhabi in 2024. WEMADE's WEMIX moves to Dubai. The web3 industry is rapidly moving to supervision more clearly and more favorable.

South Korea faces many obstacles in promoting Web3's related business. The company cannot open a company account used for cryptocurrency transactions, which makes it difficult to use cryptocrete assets. This brings complexity to the monetization of crypto assets and has problems in accounting, taxation and business operations. For example, in the cryptocurrency payment business, corporate A may receive cryptocrete assets from consumers and need to settle payment with sellers. Without a company account, it is almost impossible to monetize assets.

Although South Korea has established a regulatory framework, it lacks specific guidelines for stablecoin, DEFI and Web3 games, which limits industry growth. The country's positive regulatory method restrictionsUnclear business. In contrast, the global market has benefited from the supervision sandbox that supports various demonstration projects.

Trump's position on cryptocurrencies may highlight this difference. The overseas favorable regulatory environment accelerates the migration of Web3 from South Korea.

4. Talent outflow: Weaken the technical competitiveness of the web3 industry. As the company moves to the supervision to be clearer and more favorable, employment opportunities may decrease, resulting in talent outflow. This may hinder the development of the web3 ecosystem.

Talent migration is not just a problem for the web3 industry for South Korea. South Korea is one of the highest migration proportion of key talents to the United States, especially for talents with master's and doctoral degrees. This trend is particularly obvious in the web3 industry that depends on technology and may harm the competitiveness of the industry.

In contrast, the United States and the UAE promote the development of its web3 industry through clear supervision and support. The unclear supervision environment in South Korea has accelerated the loss of talent, which pose a long -term threat to South Korea's technical competitiveness and industrial ecosystem.

5. In 2025, the challenges and opportunities of the Korean Web3 market in Korea: Regulatory reform and industry growth

South Korea has received global attention due to cryptocurrency transactions. However, this transaction volume does not promote the development of the industry, making the country a liquidity channel for global dealers. This structure is not conducive to sustainable growth. South Korea urgently needs to make progress in business and technology to strengthen the Web3 ecosystem.

Source: Arthur Hayes

Due to insufficient local innovation and uncertain supervision, South Korea is in a marginal position in the global web3 development. This situation of excessive dependence on transactions rather than the construction of ecosystems has led to "Korean discounts" in the international market.

2025, with the new stage, it is expected that major changes will occur in the global industry. Among these changes, South Korea is at the key crossroads. Active measures include allowing cryptocurrency operators to open a company account, formulate regulations for supervision of stable currency, and promoteCryptocurrency legislation. However, these efforts just touch the surface.

In order to achieve progress, South Korea must respond to risks, analyze global transformations, and formulate supervision frameworks suitable for situations. South Korea must shift from simply focusing on the volume of transactions and to establish a sustainable innovation center featuring excellent business and technical leadership.