[vc_row][vc_column][vc_paragraph text=”Seoul views blockchain as a great opportunity and hopes to make the best use of it.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Race for the leadership in blockchain industry continues ” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”South Korea has been one of the largest techology’s markets and will likely to maintain its position as Government aims to compete with USA and Europe.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”According to Ku Jun Jhel, finance Deputy Minister, the blockchain industry will be increasing by 80% a year, and that is why the country should to take the technology as a “Golden opportunity”. Otherwise, South Korea risks to lose to other countries. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Ku reported that the Government will provide financial support to the industry.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”First, the budget will provide sources for a range of blockchain projects.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”“We can lead the industry if we support it step by step. The country’s leadership should play more active role in the creation of the initial market”, said Ku.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”South Korea has already become an enabling environment for the most dynamic industries – blockchain and digital currencies. And the country has proven its interest for such technologies by launching a $3 million grant for the development of blockchain.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”It is held by the Ministry of Science and will support up to 9 companies.”][/vc_column][/vc_row]
