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.
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.