Tiger Research "Korean Web3 Companies Accelerating Overseas Relocation... Urgent Need for Regulatory Overhaul"
- Tiger Research stated that the overseas relocation of Korean Web3 companies is accelerating, which is likely to have a negative impact on the domestic Web3 industry.
- The trend of companies moving to countries with clear regulations and guidelines is a significant challenge that could weaken industrial competitiveness.
- Tiger Research emphasized the issue of uncertainty in Korea's virtual asset regulations and the urgent need to establish a regulatory framework suitable for domestic circumstances.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Web3 specialist research firm Tiger Research stated on the 24th that "the overseas relocation of Korean Web3 companies is accelerating" and emphasized the need for "swift establishment of a regulatory framework suitable for domestic circumstances."
Tiger Research, in its report titled 'Korea Exodus: Capital, Talent, and Corporate Departure,' analyzed that "the recent offshore outflow of virtual assets has increased to a concerning level" and that "such capital outflow is likely to have a negative impact on the domestic Web3 industry in the long term."
Tiger Research focused on the trend of domestic companies 'leaving Korea.' The firm noted, "Last year, Nexon's blockchain division Nexpace, Klaytn and LINE Fintech's Kaya Foundation moved their bases to Abu Dhabi, and Wemade's WEMIX relocated to Dubai," highlighting that "this trend of moving to countries with relatively clear and favorable Web3 industry regulations is evident."
The potential for talent outflow was also pointed out. Tiger Research stated, "The overseas relocation of Korean Web3 companies is likely to negatively affect the domestic Web3 talent pool," adding that "the issue of high-level talent outflow is a serious challenge that extends beyond the Web3 industry to the entire nation." It further noted, "In the technology-based ecosystem of the Web3 industry, such outflow is prominent and poses a significant risk of weakening industrial competitiveness."
The biggest issue identified was the uncertainty of virtual asset regulations. Tiger Research pointed out, "In Korea, there is a lack of regulations and guidelines for major Web3 industry sectors such as stablecoins and decentralized finance (DeFi)," and criticized that "the positive regulatory framework adopted by Korea makes it difficult to pursue businesses that are not explicitly permitted." It continued, "The virtual asset policies of the Trump administration in the U.S. are likely to further highlight this gap," predicting that "the movement of Web3 companies relocating to countries with clear regulations will accelerate."
There was also a call for urgent regulatory reorganization. Tiger Research stated, "Korea must swiftly establish a regulatory framework suitable for domestic circumstances by resolving the scattered risks and closely analyzing global policy changes."

JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto JournalistPiCK News
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