The FOMO effect is coming! Following China, the Korean government is committed to supporting blockchain technology

Following the announcement by the Chinese government of strong support for blockchain technology, the Korean government has begun to take similar actions.

According to information released by the Korean government website , the Korea Information Security Agency (KISA) discussed plans to support blockchain-related projects at a meeting in Seoul last week, and according to the Korean Ministry of Science and Information and Communication Technology, the South Korean government will In 2020, it invested $12.8 million to support blockchain-related projects.

Qkl

(KISA organizes a discussion to support the blockchain project, image from: gov.kr )

According to Korean media reports , the South Korean government outlined a series of support programs to promote public and private sector blockchain projects and to train a new generation of blockchain experts.

Among them, the Korea Information Security Agency (KISA) promised to provide $8.6 million in funding for the development of services available to public institutions and the private sector.

South Korean government increases investment in blockchain experts

In addition, the Korea Communications Industry Promotion Agency (NIPA) will provide $3.4 million in funding to expand its range of free courses in the blockchain offered in Seoul, including blockchain entry, developers and other professional courses.

In fact, NIPA has the responsibility of nurturing “blockchain experts” and providing budgetary funding for blockchain courses.

Earlier, some well-known Korean companies and activists have asked the South Korean government to change its policy stance on the blockchain.

Although the Korean government is firmly supporting projects and programs related to the private blockchain, projects related to the public blockchain and cryptocurrency are still opposed.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Deep analysis of the intent behind SEC's lawsuit against Binance: a jurisdictional dispute or a show of power?

Some observers believe that the SEC may be suing Binance to compete with the Commodity Futures Trading Commission (CF...

Blockchain

Get Ready for a Jaw-Dropping 90% Asset Return by Q2 2024 FTX Customers in for a Thrilling Ride with New Amended Proposal!

Exciting news for customers of defunct cryptocurrency exchanges FTX and FTX.US - an updated proposal offers hope of r...

Blockchain

FTX's new CEO: FTX has been lying to banks about its mixed funds issue

FTX's new CEO claims that as early as 2020, banks had inquired about suspicious fund flows.

Blockchain

Interpretation of the new SFC regulation: How to operate a licensed virtual asset exchange in Hong Kong?

Author: According to Health Source: Zero Finance On the evening of November 6, the Hong Kong Securities Regulatory Co...

Blockchain

Graphic dismantling: Where did FCoin assets go? Is there a problem with the funding chain in 2018?

Author: PeckShield, the original title "graphic dismantling FCoin assets to its heyday already noticeable declin...

Blockchain

FTX Founder SBF The Astonishing Fall of the Former Cryptocurrency King

In the development process of a new technology, there will always be a moment when the hype is so common that it is t...