Bybit enables stock trading with USDT

Korean Banks Look into Safer Crypto Investment Amid Wealth Management GrowthDespite growing economic uncertainties, the Korean wealth management market is expected to see growth, triggering fierce competition in the banking industry.©Pexels/Adrien OlichonWealth management growth in APACAlthough the Korean wealth management industry saw a slowdown in its growth last year amid burgeoning economic concerns, the banking industry expects recovery in the future. Management consulting firm Oliver Wyman forecast that the Asia-Pacific wealth management industry will experience a compound annual growth rate of 5.4% until 2026. Against this backdrop, Korean banks are focusing on improving their wealth management capabilities.Crypto-inclusive wealth management trendShim Hyun-jung, a researcher at Woori Finance Research Institute, said that following the global trend, the Korean wealth management industry will need to diversify its target customer groups, adding that banks have to devise phased strategies and deploy them while closely monitoring the domestic crypto market.Previously, several global consulting firms mentioned the following as this year’s asset management trend: Customer segment diversification, growing demand for asset transfer and withdrawal, digital asset management with better human interaction, more investment in environmental, social, and governance (ESG) projects, and advancement in virtual asset security and service technology.

Wemade CEO Encourages Japanese Game Developers to Embrace BlockchainHenry Chang, the CEO of South Korean gaming company Wemade, delivered a speech on Tuesday at the annual Japanese Web3 conference, WebX, in Tokyo to encourage Japanese game developers to venture into the blockchain industry.Photo by Louie Martinez on UnsplashIntegration of economies and gameplayChang expressed his belief that the integration of economies and gameplay across various games can be achieved through blockchains and non-fungible tokens (NFTs). He emphasized that this combination is innovative in the sense that it overcomes three significant barriers in the gaming world: giving users ownership of in-game assets, creating connections between different games, and tearing down the boundary between games and reality.Chang predicted that all games would evolve into blockchain-based games within the next three years. He presented WEMIX Play, the company’s blockchain game platform, as being fully equipped to support such a transition, with all the necessary features to provide blockchain game services.In a significant move towards realizing this vision, WEMIX Play has recently inked onboarding contracts with two gaming firms. One of them is MetaTokyo Studio, a game developer based in Japan, and the other is Skyjet Software, a Lithuania-based game publisher. WEMIX Play users will soon have the exciting opportunity to enjoy MetaTokyo Studio’s futuristic science fiction game, Chromata, and Skyjet Software’s thrilling 3D helicopter shooting game, Skybreakers.Prime Minister Kishida’s speechNotably, the event also saw a video speech from Japanese Prime Minister Fumio Kishida, who expressed his enthusiasm for Web3 and its potential to revolutionize society by innovating the existing Internet framework. According to Minister Kishida, the Japanese government is committed to fostering an environment conducive to Web3 initiatives.The Japanese Prime Minister further anticipated that the WebX conference would lead to enhanced business cooperation between Japanese and foreign companies. He also highlighted that leading Japanese firms would unveil major projects aimed at establishing valuable economic zones within the metaverse.

Korean Blockchain Startups to Showcase Products in KINTEX in NovemberSouth Korean blockchain startups are set to benefit from increased opportunities to participate in exhibitions organized by the Korea International Exhibition Center (KINTEX) in Ilsan, located northwest of Seoul, the nation’s capital.According to a report by local news outlet Dailian, KINTEX recently announced a collaboration with Onoffmix, a social gathering platform, with the aim of expanding exhibitions and bolstering the startup ecosystem.Under the newly signed agreement, KINTEX and Onoffmix will leverage the latter’s startup business network and event platform to encourage startups to take part in more than 20 exhibitions organized and hosted by KINTEX. Onoffmix, boasting a subscriber base of 1.45 million, will serve as a valuable resource in this partnership.Photo by Seungwon Lee on UnsplashGlobal trendThis move aligns with the global trend of increasing startup participation in exhibition shows. One notable example is the Consumer Electronics Show, a prominent annual tech trade show in the United States that features Eureka Park, an event for startups to showcase their products. With 1,340 startups participating this year, Eureka Park has been witnessing consistent growth in participation year after year.Another instance is 4 Years From Now (4YFN), the startup event held during the annual mobile tech show, Mobile World Congress. 4YFN offers opportunities for over 2,000 startups to connect with potential buyers and investors.Startup exhibition in NovemberIn line with this global shift, KINTEX and Onoffmix aim to assist local startups in exhibiting their cutting-edge technologies, establishing connections with industry experts and investors, and participating in conferences and pitching events. One of their first such endeavors is the Digital Media Tech Show (DMTS) scheduled for November. DMTS will showcase innovative products in various tech areas such as metaverses, non-fungible tokens (NFTs), and blockchain. In addition to the exhibition, conferences will be held to facilitate knowledge sharing among startups regarding industry trends, business ideas, and investment opportunities.Lyu Jaewon, the Chief Business Officer at KINTEX, said that this partnership will contribute to the convention center’s expansion of exhibitions and promotion of sustainable growth.Onoffmix CEO Yang Joon-cheol highlighted the company’s commitment to collaborating with KINTEX to expedite the growth of local startups and support their expansion into overseas markets.