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South Korea Follows China, Invests 45 Billion WON in Blockchain

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Nov 23, 2019

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With China jumping into blockchain development and adoption, it has opened a new pavement for many countries. Earlier we have reported that South Korea has plans to adopt blockchain just like China. Now, the latest report is the S.Korean government will invest 45 billion (arnd $45million) won for blockchain research and development in 2021, similar to what China plans. However, this amount is only 20% of China’s investment, which is $2 billion USD.

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Korean Government plans to secure the core technology of blockchain that is the foundation of the data economy. Initial investments won’t begin until early 2021. 

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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