Nonce Classic CEO: South Korea must move beyond investment to contribute to Ethereum ecosystem

Kang Yoo-bin, CEO of Nonce Classic, stated that South Korea lags significantly behind other nations in contributing to the Ethereum ecosystem through activities like development. Speaking at the 'Ethereum Korea One' event in Seoul on April 16, he identified four key limitations: a market heavily focused on investment, fragmented development efforts, regulatory uncertainty, and a lack of integration with global portfolios. Kang emphasized that Ethereum is becoming a new infrastructure for institutions, and the time has come to focus on contributing to its growth. He explained that the newly formed Ethereum Korea consortium aims to be a continuous communication channel connecting South Korea with the global community, rather than a one-off initiative. The event, held at the headquarters of DSRV, brought together global Ethereum ecosystem stakeholders with key figures from South Korea's financial and Web3 sectors to discuss institutional applications of the blockchain. Ethereum Korea was established on April 14, led by Web3 community builder Nonce Classic.