#GateFun马勒戈币暴涨1251.09% Over the past eight years, South Korea's attitude towards crypto assets has been in a delicate state of division.

On one hand, it has one of the most active and emotional crypto trading markets in the world. Retail investors are highly dense, trading frequency is high, and new narratives are almost always amplified immediately in the Korean market. On the other hand, at the institutional level, listed companies and professional institutions have long been explicitly kept out—no holdings, no allocations, let alone inclusion on balance sheets.

Thus, a long-standing but rarely openly acknowledged structural contradiction has gradually taken shape: the market has long been mature, but the institutional framework has always been absent.