Chainlink exec: South Korean blockchain industry poised for major leap post-regulation

The South Korean market will leap forward at an incredible speed the moment digital asset regulations are finalized, said Niki Ariyasinghe, Vice President of APAC and the Middle East at Chainlink Labs (LINK), in a recent interview with Maeil Business Newspaper. He added that it is encouraging to see both major political parties in South Korea showing interest in establishing a legal framework for digital assets. According to Ariyasinghe, the high level of knowledge about the Web3 industry among regulators, the private sector, and politicians means that formalizing regulations is no longer a mid-to-long-term task but simply a matter of short-term timing.