Tiger Research: South Korea’s RWA and Stablecoin Market to Reach 360 Trillion Won by 2030

The projection is less a forecast than a top-down allocation exercise—scaling global estimates by GDP share—so its value lies in framing how large the opportunity could be if Korea captures its proportional slice, not in the number itself. The more telling signal is the 2.35 trillion won already committed by financial groups ahead of the 2027 STO law, suggesting domestic institutions are positioning before the regulatory framework is finalized. Whether that infrastructure spend translates into actual issuance volume, and how the stablecoin piece develops alongside the STO regime, is the open question.