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

Analysis: How does the value chain of the blockchain industry work?

Over the past few years, blockchain technology has evolved from a purely technology to a multi-billion dollar industr...

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

Witness history! Bitcoin plunges sentient beings: mining circle under pressure, exchange shuffled

Author: Liu four red Source: BBT Fintech Circle Editor's Note: This article has been deleted without altering th...

Blockchain

The original market maker is not "Zhuang"? What is the significance of the coin safety ball recruitment market?

On September 30th, the company announced that it has launched the Global Markets Program and will recruit Market Make...

Blockchain

Babbitt column | Case study: Exchange "downtime", does the holder lose any compensation?

Source of this article: Xiao Sa Author: Tan Hao Guo Xiao Sa The currency circle trading platform advertises that &quo...

Blockchain

"New and old" exchanges compete on the same stage, how can you play in the future? | Interview with SheKnows

Exchanges are an important part of the blockchain ecosystem. They interact directly with users and therefore change a...