Overview
- Andreessen Horowitz’s crypto unit announced the move on Dec. 10, confirming a new regional base in Seoul and Park’s appointment to run Asia operations.
- The office will work with founders on partnerships, distribution channels, and community growth across the region.
- A16z cited South Korea as the world’s second-largest crypto market and noted that nearly one-third of South Korean adults hold digital assets.
- The firm pointed to South Korea’s active onchain ecosystem, with exchanges such as Upbit driving high trading volumes and a deep developer base.
- Sungmo Park previously led APAC at Monad Foundation and worked at Polygon Labs on go-to-market and ecosystem development across East and Southeast Asia.