Seoul mayor announces $53M fund for blockchain districts

posted 10 days ago
The mayor of South Korea's largest city has committed $53 million to a fund to develop blockchain regions in Seoul. Park Won-soon, who is the mayor of the South Korean capital city, said their government would create two business complexes to settle 200 blockchain-related companies by 2021. The districts would also serve the purpose of training 730 experts in the field over the course of the next five years.

The mayor of Seoul went on to say “There’s no doubt blockchain is the core technology of the fourth industrial revolution, which will shape the future IT industry. I will make efforts to help Seoul become the center of a blockchain industry ecosystem.”
Tags: blockchain, news