Seoul, Seoul, the fourth industrial revolution fund, 50 billion won, will invest in blockchain and other fields.

According to the Yonhap News Agency on June 16, the Seoul Metropolitan Government announced that the "Fourth Industrial Revolution Fund" will be 50 billion won, which will be used to invest in the "A-round" start-ups; and the 26 billion won will be invested in 5G, the district. Blockchain, artificial intelligence, big data and other fields. The fund's duration will be set at 8 years and the investment period will be 4 years. It is reported that the fourth Industrial Revolution Fund is part of the “Seoul Innovation Growth Fund” in 2018-2022.