[Report] 2026 Korean Web3 Market Report: Structure, Regulation, and Ecosystem

Key Takeaways

South Korea, with a population of 52 million, has more than 11 million cryptocurrency exchange account holders, making it one of the world's leading markets in terms of crypto investment per capita. Yet despite this enormous participation base, the energy of the Korean market is largely concentrated in short-term trading on centralized exchanges, while onchain activity and the builder ecosystem remain remarkably thin relative to the market's size.
The enforcement of the Virtual Asset User Protection Act (Phase 1) in 2024, the announcement of the corporate participation roadmap, and the legislative push for the Digital Asset Basic Act (Phase 2) in 2026 are opening an opportunity to fundamentally restructure the Korean market. The introduction of a regulatory framework for won-pegged stablecoins, the launch of the STO market, and the full-scale entry of corporate investors could mark a turning point at which the Korean market, long stigmatized as a "hotbed of speculation," finally joins mainstream financial infrastructure.
This report aims to quantitatively analyze the structure and regulatory environment of Korea's Web3 market as of April 2026, and to provide practical insights for global projects and institutions considering entry into the Korean market.

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2026 Korean Web3 Market Report: Structure, Regulation, and Ecosystem

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Key Takeaways

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