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.