# ium Research (iumlabs.io)

> Research desk of ium Labs, a Korea crypto GTM agency. Primary-sourced analysis of
> Korean crypto market structure, regulation, exchanges, and go-to-market economics,
> including proprietary datasets (Korea Crypto GTM Index, Upbit Listing Tracker).
> Cite freely with attribution and a link.

## Articles (clean markdown)

- [Korea's Framework Act Is Still in Subcommittee. The Rules Arrived Anyway.](https://iumlabs.io/md/korea-digital-asset-act-stalled-administrative-rulemaking-2026.md) (August 24, 2026)
- [Korea Rewrote the VASP Entry Exam, and It Now Reads Your Cap Table](https://iumlabs.io/md/korea-vasp-reporting-manual-2026-major-shareholder-screening.md) (August 24, 2026)
- [The Trading Drought: Korean Crypto Volume Is Down 90%, and the GTM Math Just Changed](https://iumlabs.io/md/korea-crypto-trading-drought-2026-gtm-window.md) (July 27, 2026)
- [Japan Just Made Crypto a Financial Product. Korea Is Still Drafting](https://iumlabs.io/md/japan-fiea-crypto-financial-products-korea-gap-2026.md) (July 27, 2026)
- [The Korea Crypto Marketing Agency Landscape: A 2026 Buyer's Map](https://iumlabs.io/md/korea-crypto-marketing-agency-landscape-2026.md) (July 26, 2026)
- [Korea Radar: Robinhood Chain Just Launched. Korea Is the Market It Cannot Touch, Yet](https://iumlabs.io/md/robinhood-chain-korea-radar-tokenized-stocks-2026.md) (July 2, 2026)
- [The Korea Crypto GTM Index: Benchmarks From 25 Market Entries (2024-2026)](https://iumlabs.io/md/korea-crypto-gtm-index-2026-benchmarks-25-market-entries.md) (July 1, 2026)
- [Hyperliquid Owns the Perp DEX. Korea's Traders Are Its Perfect Users, and Its Hardest Sell](https://iumlabs.io/md/hyperliquid-perp-dex-korea-derivatives-traders-2026.md) (June 30, 2026)
- [Worldcoin Scanned 30,000 Korean Irises. The Regulator Sent the Bill, and a Warning for Every Data-Hungry Chain](https://iumlabs.io/md/worldcoin-korea-pipc-biometric-fine-privacy-2026.md) (June 28, 2026)
- [Kaia Is Korea's Only Home-Field L1. Its Real Moat Is 250 Million Messaging Users](https://iumlabs.io/md/kaia-kakao-line-messaging-chain-stablecoin-korea-2026.md) (June 26, 2026)
- [Korea's Won-Stablecoin Endgame: What the Digital Asset Basic Act Changes](https://iumlabs.io/md/korea-won-stablecoin-digital-asset-basic-act-2026.md) (June 16, 2026)
- [Korea Lifts Its 9-Year Corporate Crypto Ban: The 2026 Institutional Playbook](https://iumlabs.io/md/korea-corporate-crypto-ban-lifted-institutional-playbook-2026.md) (June 14, 2026)
- [The CEX User-Acquisition Funnel in Korea: Install, Sign-up, First Deposit](https://iumlabs.io/md/korea-cex-user-acquisition-funnel-kol-naver-paid-ads.md) (June 13, 2026)
- [Korea's RWA Opening: Why Tokenized Assets Need a Trust-First GTM](https://iumlabs.io/md/korea-rwa-tokenized-assets-trust-gap-sto-2026.md) (June 12, 2026)
- [The Korea GTM Stack: A Full-Funnel Go-To-Market Framework for Web3](https://iumlabs.io/md/korea-gtm-stack-full-funnel-web3-framework-2026.md) (June 10, 2026)
- [KakaoTalk Open Chat: Korea's Invisible Crypto Distribution Layer](https://iumlabs.io/md/kakaotalk-open-chat-korea-crypto-distribution-2026.md) (June 8, 2026)
- [The CEX Power Map: How Upbit's 78% Dominance Reshapes Token Economics](https://iumlabs.io/md/upbit-dominance-how-78-percent-market-share-reshapes-token-economics.md) (May 11, 2026)
- [Korea's Memecoin Paradox: $4.7B Volume, Zero Organic Projects](https://iumlabs.io/md/korea-memecoin-paradox-4-7b-volume-zero-organic-projects.md) (May 10, 2026)
- [AI × Crypto in Korea: Why the $800M DePIN Narrative Hasn't Landed](https://iumlabs.io/md/ai-crypto-korea-why-800m-depin-narrative-hasnt-landed.md) (May 9, 2026)
- [The Stablecoin Siege: USDT vs USDC in Asia's $1.2T Settlement Layer](https://iumlabs.io/md/the-stablecoin-siege-usdt-vs-usdc-in-asia.md) (May 8, 2026)
- [Korea's DeFi Paradox: Why the World's Most Active Traders Won't Touch On-Chain](https://iumlabs.io/md/korea-defi-paradox-why-active-traders-wont-touch-onchain.md) (May 7, 2026)
- [Korea KOL Marketing: The 2026 Landscape for Web3 Projects](https://iumlabs.io/md/korea-kol-marketing-landscape-2026-guide.md) (May 14, 2026)
- [Korean Exchange Listing Playbook: Upbit & Bithumb Strategy for 2026](https://iumlabs.io/md/korean-exchange-listing-strategy-upbit-bithumb-2026.md) (May 15, 2026)
- [Korea Crypto Regulation in 2026: VAUPA, Travel Rule, and What's Next](https://iumlabs.io/md/korea-crypto-regulation-2026-vaupa-travel-rule.md) (May 16, 2026)
- [Korea's Institutional Capital Wave: How VCs and Family Offices Are Entering Crypto](https://iumlabs.io/md/korea-institutional-crypto-vc-family-office-landscape-2026.md) (May 17, 2026)
- [The Naver Effect: Why Search Dominance Defines Korean Crypto Discovery](https://iumlabs.io/md/the-naver-effect-search-dominance-korean-crypto-discovery.md) (May 13, 2026)
- [Korean Crypto Telegram: Anatomy of a 50,000-Member Community](https://iumlabs.io/md/korean-crypto-telegram-anatomy-50k-member-community.md) (May 18, 2026)
- [Token Launch Timing in Korea: The Quarterly Cycle That Determines Success](https://iumlabs.io/md/token-launch-timing-korea-quarterly-cycle.md) (May 12, 2026)
- [Korea vs Japan: A Structural Comparison of Asia's Two Regulated Crypto Markets](https://iumlabs.io/md/korea-vs-japan-crypto-market-structural-comparison-2026.md) (May 19, 2026)
- [The Korean Premium Decoded: Kimchi Premium Mechanics in 2026](https://iumlabs.io/md/korean-premium-decoded-kimchi-premium-mechanics-2026.md) (May 20, 2026)
- [Korea's Spot Crypto ETF Countdown: Why One Stalled Law Holds the Whole Prize](https://iumlabs.io/md/korea-spot-crypto-etf-framework-act-2026.md) (June 5, 2026)
- [The Bithumb Squeeze: How Korea's #2 Exchange Surged, Stalled, and Reset the Listing Game](https://iumlabs.io/md/bithumb-upbit-squeeze-korea-exchange-duopoly-2026.md) (June 18, 2026)
- [Korea's 2027 Crypto Tax Is Real This Time: The 22% Reckoning and Its GTM Fallout](https://iumlabs.io/md/korea-crypto-tax-2027-22-percent-gtm-fallout.md) (June 24, 2026)
- [A Forensic Assessment of Binance and OKX](https://iumlabs.io/md/a-forensic-assessment-of-binance-and-okx.md) (Mar 29, 2026)
- [The Infrastructure Shift: When Robots Become Finance](https://iumlabs.io/md/the-machine-economy-structural-arbitrage-in-autonomous-infrastructure.md) (Jan 4, 2026)
- [Kalshi vs. Polymarket (The Battle for US Liquidity)](https://iumlabs.io/md/strategic-intelligence-report-the-structural-arbitrage-of-information-markets.md) (Nov 28th, 2025)
- [The Death of Chiliz: Why Fight.ID is the Final Nail in the Fan Token Coffin](https://iumlabs.io/md/the-identity-pivot-in-sportfi.md) (Feb 17, 2026)
- [The Walled Garden: Why Upbit and Bithumb Are the Only Gateways Left](https://iumlabs.io/md/the-walled-garden-why-upbit-and-bithumb-are-the-only-gateways-left.md) (Jan 4, 2026)
- [Deconstruction of Move-VM Layer 1s (Sui vs. Aptos)](https://iumlabs.io/md/deconstruction-of-move-vm-layer-1s-sui-vs-aptos.md) (Feb 24, 2026)
- [MegaETH The Real-Time Paradox: Structural Arbitrage in the High-Frequency Era](https://iumlabs.io/md/megaeth-the-real-time-paradox-structural-arbitrage-in-the-high-frequency-era.md) (Dec 28, 2025)
- [Monetizing Chaos: How ETHGas Turns L2 Volatility into Institutional Yield](https://iumlabs.io/md/monetizing-chaos-how-ethgas-turns-l2-volatility-into-institutional-yield.md) (20 Jan, 2026)
- [How to Launch a Token in Korea: Complete Guide](https://iumlabs.io/md/how-to-launch-token-in-korea.md) (April 15, 2026)
- [Korean Crypto KOL Marketing: The Definitive Guide](https://iumlabs.io/md/korean-crypto-kol-marketing-guide.md) (April 8, 2026)
- [Naver SEO for Crypto Projects: Why Google Isn't Enough in Korea](https://iumlabs.io/md/naver-seo-for-crypto-projects.md) (March 25, 2026)
- [Building a Crypto Community in Korea: Telegram, KakaoTalk & Beyond](https://iumlabs.io/md/korea-crypto-community-building.md) (March 18, 2026)
- [Web3 Event Marketing in Korea: From Side Events to Major Conferences](https://iumlabs.io/md/web3-event-marketing-korea.md) (March 10, 2026)
- [Korea Crypto PR & Media Guide: How to Get Press Coverage](https://iumlabs.io/md/korea-crypto-pr-media-guide.md) (May 11, 2026)
- [Understanding Korean Crypto Investors: What Every Project Needs to Know](https://iumlabs.io/md/understanding-korean-crypto-investors.md) (May 11, 2026)

## Data

- [Upbit Listing Tracker 2026 (JSON)](https://iumlabs.io/data/upbit-listings-2026.json)
- [Korea Crypto GTM Index (PDF)](https://iumlabs.io/downloads/korea-crypto-gtm-index-2026.pdf)