Recruitment of blockchain and other project participants in the Magok District of Seoul City and funding of approximately USD 57,000 for selected projects

According to Yonhap News Agency, the Magok District of Seoul City announced that it will openly recruit participants for the "Magok Smart City Living Laboratory Project". The project will experiment and demonstrate the fourth industrial technology in the Magok area. The fourth industrial technology includes: artificial intelligence, data, Internet of Things, 5G communication, intelligent robots, system semiconductors, future automobiles, bio-health and blockchain. Magok District plans to select 5 projects and provide approximately 70 million won (approximately USD 57,000) for each project.