A South Koran politician has committed a $53.39 million fund to develop blockchain regions in Seoul, local media reported.
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.
“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,” Park said during his 10-day diplomatic visit to Switzerland, Estonia, and Spain. The minister also signed a memorandum of understanding in Zurich to lay the foundation of their blockchain tie-ups.
https://www.ccn.com/seoul-mayor-announces-53-39-million-fund-for-blockchain-districts/
