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Tiger Research Releases Special Report on the Korean Web3 Market in Partnership with Korea Blockchain Week

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Real-world asset (RWA) tokenization and entertainment to be the leading contributor to Web3 expansion in Korea

Conglomerates such as SK, LG, and Lotte are enhancing the credibility of Web3 technology, leading to overall market growth

SEOUL, South Korea, Sept. 2, 2024 /PRNewswire/ — Tiger Research today released its special research report on Korea’s Web3 landscape, titled “Korea Web3 Market Guide.” Authored in collaboration with the founder of the Korea Blockchain Week (KBW), FACTBLOCK, Web3 ecosystem builder, and the co-host, Hashed, Asia’s leading Web3 VC Fund, the report aims to offer a primer for international investors and businesses ahead of KBW, which will be held from September 1-7, 2024.

The report explores key drivers positioning South Korea as a pivotal force in global Web3 evolution. It covers the market’s regulatory, socio-economic, and cultural context, along with 18 Web3 ecosystem components contributing to its vibrant progress.

Key factors driving South Korea’s growth in the Web3 market include:

Substantial Trading Volume: Approximately one in ten Koreans (6.45 million users, or 12.5% of the total population) are registered with domestic exchanges This high engagement highlights the country’s strong interest in crypto. Earlier this year, daily crypto trading volume surpassed that of the KOSPI (Korea Composite Stock Price Index), underscoring the strong enthusiasm for crypto.Expansion of Korean IP through RWA: Amid domestic regulatory uncertainty, Korean RWA market participants are increasingly expanding globally. This shift provides international investors access to Korea’s rich intellectual property and high-quality assets. As regulations evolve, the Korean RWA market presents promising long-term investment opportunities.Entertainment and Gaming: Web3 offers new business models for Korean entertainment and gaming companies. Modhaus, a leading example in Web3 popularization, is gaining attention due to growing global interest in K-pop. Likewise, as the fourth-largest gaming market globally, Korea’s gaming ecosystem is at the forefront of Web3 gaming innovation, surpassing international competitors.Large Enterprises Accelerating Investment and Growth: The Web3 market in Korea is distinguished by the active involvement of conglomerates, with over half of the 82 registered ‘large enterprises’ pursuing Web3 initiatives. These investments are significantly accelerating the industry’s growth and maturation.Robust IT infrastructure and skilled workforce: Korea’s advanced technological capabilities and highly skilled talent pool provide a solid foundation for Web3 innovation. The market boasts a high developer-to-population ratio (4%), surpassing Japan (2.63%) and China (0.66%).

Tiger Research stated, “South Korea’s position in the Web3 industry is highly significant. The country ranks among the top globally in terms of cryptocurrency trading volume, with the Korean won rivaling the US dollar in trading volume. While many projects are actively seeking to enter the Korean market, the prevailing perception of Web3 as an industry that requires regulation and oversight has somewhat slowed its growth.”

“This report provides a comprehensive analysis of the current Korean Web3 and blockchain market and its future potential,” said Seonik Jeon, CEO of FACTBLOCK. “Since the inception of the Korean Blockchain Week in 2018, FACTBLOCK has dedicated itself to highlighting the importance of the Korean market and fostering global blockchain collaboration. We hope this report will serve as a catalyst for advancing the development of a unified Web3 ecosystem alongside KBW.”

“The report highlights the increasing adoption of Web3 technologies across various sectors in South Korea, including finance, gaming, infrastructure, solutions and entertainment. “The Web3 industry has moved beyond its initial infrastructure phase and is now being creatively applied across various sectors,” said Simon Kim, CEO of Hashed. “Korea Blockchain Week 2024, set against this backdrop of transformation, will provide a crucial overview of the latest trends and innovations in the global Web3 ecosystem.”

For market entry, the report notes that while South Korea has shifted from an outright crypto ban to a focus on investor protection, it maintains stringent standards compared to its global peers. With Web3 promotion being a prominent topic in the political sphere, the report concluded that closely monitoring the regulatory developments and approaching the market from a long-term perspective will be important.

About Korea Blockchain Week

Founded by FACTBLOCK and co-hosted by Hashed, Korea Blockchain Week (KBW) is an annual global blockchain and web3 festival held in Seoul, South Korea, since 2018. It has been a gathering ground for the top global blockchain and web3 leaders and unifying diverse communities.

KBW curates multiple prestigious main events, including the flagship conference ‘IMPACT.’ This provides participants and attendees exclusive opportunities to exchange industry insights and indulge in an immersive blend of music, art, and culture, making KBW a unique and enriching experience for all involved. https://koreablockchainweek.com/ 

About Tiger Research

Tiger Research is a research and GTM (Go-To-Market) advisory firm centered on the Asian Web3 market. With a mission to empower everyone in a borderless digital economy, Tiger Research delivers world-class research and business advisory services to world’s most respected businesses and institutions. https://www.tiger-research.com/ 

View original content:https://www.prnewswire.com/apac/news-releases/tiger-research-releases-special-report-on-the-korean-web3-market-in-partnership-with-korea-blockchain-week-302236053.html

SOURCE Tiger Research

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Oberon Securities Advises Keens Steakhouse in Sale Transaction

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Oberon Securities acted as exclusive advisor to Keens Steakhouse in the sale transaction.

NEW YORK, Nov. 23, 2024 /PRNewswire-PRWeb/ — Oberon Securities, a New York-based middle market investment banking firm, acted as exclusive advisor to Keens Steakhouse in the sale transaction announced yesterday.

With more than 70 senior bankers serving businesses across the country and around the world, Oberon is one of the fastest growing New York City based middle-market investment banking firms. Its clients benefit from the market credibility associated with the firm’s longstanding relationships with many of the nation’s largest and most prestigious institutional investors. Oberon’s approach has generated numerous long-term, multi-transaction client engagements and attracted investment bankers who have spent their careers working with middle-market companies.

Media Contact

Steven Alschuler, Oberon Securities, 1 917-647-2151, steve@alschulerpr.com, https://oberonsecurities.com/

View original content to download multimedia:https://www.prweb.com/releases/oberon-securities-advises-keens-steakhouse-in-sale-transaction-302314708.html

SOURCE Oberon Securities; Oberon Securities

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Specified Technologies Inc. Unveils Firestop Clash Management and Locator Updates

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SOMERVILLE, N.J., Nov. 23, 2024 /PRNewswire/ — Specified Technologies Inc. has announced their latest Firestop Clash Management (FCM) and Firestop Locator (FSL) releases. FCM automates the process of locating and assigning firestop solutions to conditions within Autodesk® Revit®, enabling firestop novices to find firestop solutions like a firestop expert. In this latest release, STI has further expanded the capabilities of FCM by integrating it with their firestop documentation and compliance tool, Firestop Locator (FSL). FSL enables contractors and facilities’ teams to document the status, location, and products used for any and all fire life safety services across a building.

In the latest update for FSL, teams can now create custom items to track any service on their project beyond the base six (Penetration, Joint, Extinguisher, Door, Damper, and Barrier). Teams can also modify the base six items to include project specific inspection and maintenance requirements and any other details that they would like to be tracked.

With this new integration, decisions made during the design phase of a building using FCM are seamlessly passed into FSL during the construction phase, giving implementation teams a jump start on work to be done. This integration also improves data integrity and eliminates the guesswork in the field of determining what firestop systems and products are to be used where.

“We’re proud of the latest releases of FCM and FSL and look forward to continuing to support the fire life safety community,” says Justin Pine, Sr. Manager of Software & Services.

Specified Technologies Inc. promotes life and building safety by developing innovative fire protection systems and accompanying digital tools that help stop the spread of fire, smoke, and hot gases. Our SpecSeal® and EZ Path® product lines are engineered for easy installation and deliver powerful performance, often resulting in lower installed costs. Since firestopping is our only business, we concentrate all our resources on providing the highest quality, fully tested, innovative firestopping solutions.

Contact: Jess Bern; jbern@stifirestop.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/specified-technologies-inc-unveils-firestop-clash-management-and-locator-updates-302314629.html

SOURCE Specified Technologies, Inc.

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ZICC: Internet Experts Pay Attention to the Development of Artificial Intelligence

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BEIJING, Nov. 23, 2024 /CNW/ — During the Wuzhen Summit of the World Internet Conference, ZICC interviewed Internet experts from all over the world.

Lampros Sterg, UNESCO Chair in AI & Data Science, said that AI can accelerate social progress, but it needs to be used properly to avoid its negative effects in order to benefit citizens and society. Latif Ladid, the president of the IPv6 Forum, called for the establishment of a global governance system to allow artificial intelligence technology to serve humanity for good. South Korean computer scientist Kilnam Chon shared insights on AI’s positive role in healthcare. He urged global efforts to ensure AI safety and prevent its misuse in weapons. Indian entrepreneur Bibin Babu said he believes that AI will not replace humans, but will create more new jobs.

View original content to download multimedia:https://www.prnewswire.com/news-releases/zicc-internet-experts-pay-attention-to-the-development-of-artificial-intelligence-302314745.html

SOURCE ZICC

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