Korea Alpha Brief · Sep 25 No Korean corporate crypto moves today. KRW market pivots to XRP and ONDO as BTC sits at 84K. 5 things global Web3 teams should know from Korea today:

1/ Korea-Mexico investment treaty revision sealed • Korea and Mexico closed a revised investment protection treaty after 7 years of talks. • Korea angle: Expect firmer legal cover for Korea-linked deals expanding into Latin America. 연합뉴스

2/ KOSDAQ delistings pile up on market cap rule • 8 KOSDAQ firms failed the listing market cap rule in 3 months, with penny stocks next. • Korea angle: Vet Korean listed partners for delisting risk before signing distribution deals. 연합뉴스

3/ XRP tops Korea trading at 20% share • XRP led KRW trading at 19.69% and ONDO at 17.53%, both showing ~20x local concentration. • Korea angle: RWA and XRP-adjacent projects have a receptive KRW audience right now. 토큰포스트

4/ US spot BTC ETF flips to net inflow for 2025 • US spot BTC ETFs turned net positive at 800M for the year after 6 days of inflows. • Korea angle: Global flow tailwind supports timing a Korea listing or campaign push. 토큰포스트

5/ Bitget hack points to North Korea link • Bitget flagged possible North Korea involvement in a 351M loss, this year's biggest hack. • Korea angle: Tighten wallet and IP security before any Korea listing to pass exchange due diligence. 블록미디어

Korea Entry Tip Korean retail is stacking into XRP and ONDO, showing appetite for RWA and payments narratives. If you fit either, brief the story in Korean via a dedicated Telegram channel and use X only for discovery.