Gate News message, April 16 — The Ethereum Korea Consortium was officially launched on April 16 in Seoul to restructure South Korea’s Ethereum ecosystem from a consumption-focused market to a contribution-focused infrastructure model, according to Kang Yu-bin, CEO of Nonce Classic.
Kang emphasized that the consortium marks a strategic shift in how Korea participates in the global Ethereum protocol. Currently, South Korea holds a significant share in global cryptocurrency trading but lags in core Ethereum development and open-source contributions. The consortium identified key challenges including investment-driven market structure, developer fragmentation, regulatory uncertainty, and weak connections to global protocols. The initiative aims to establish a flagship Ethereum conference for Korea, create a hub connecting institutional and policy networks, and expand a builder-focused community.
The consortium comprises 10 participating companies organized across four domains: community, infrastructure, institutional bridge, and media/content. Recent developments, including Ethereum’s Layer 2 (L2) scaling solutions and growing institutional adoption through staking and trading, have created momentum for ecosystem growth.
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