• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Pakistan Announces Bitcoin Reserve Strategy Led by Saqib

    Bitcoin ETFs See $9B Inflows as Gold Funds Decline

    K33 Launches $6.2 Million Bitcoin Investment

    UK Government Rejects Strategic Bitcoin Reserve Plan

    Bitcoin MACD Signals Mixed Market Momentum

    Bitcoin Analyst Signals Bullish Shift Amid MACD Changes

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Shiba Inu Poised for Potential Price Breakout

    Dogecoin Poised for Potential $1 Surge by 2025

    USD1 Stablecoin Becomes Restakeable on Kernel DAO

    Trump Considers Including XRP in Crypto Reserve Plan

    U.S. Court Freezes $57.65 Million USDC in LIBRA Case

    Court Halts $57M USDC Linked to LIBRA Scandal

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Blockchain Technology to Receive Funding from the South Korea’s $ 4.4 B Grant

Adriana M. by Adriana M.
August 16, 2018
in Finance & Blockchain, Latest News

Despite the fact that the cryptocurrency space faces numerous barriers in South Korea, blockchain technology seems to be in the top of government interests.

South Korea has announced it will allocate more than one trillion won – nearly $ 880 million to explore blockchain technology, AI, and sharing economy.

As written in the official press release published by the Ministry of Economy and Finance, South Korea is set to invest around $ 4.4 billion in the country’s “Growth Through Innovation” program. A number of eight projects will receive funding, aimed to support the establishment of a “platform economy” consisting of a digital network dedicated to records and transactions analytics as well as the creation of a hydrogen fuel cell supply system.

The Asian country intends to invest overall between 9 and 10 trillion won in this strategic program, understanding the major influence it could have on other areas of development.

Blockchain technology as a solution to boost the sharing economy

The press release also points out the impact of blockchain technology and its role in streamlining the sharing economy:

“The government will focus on promoting big data and AI, developing blockchain technology to ensure data management security and boosting the sharing economy.”

Fields including exploration of big data, AI, and blockchain technology will receive a maximum of 1 trillion won in 2019, which has doubled compared to 2018.

South Korea takes seriously the blockchain and crypto sectors. In addition to the major investments to be registered, the country’s businesses have recently released several research centers aimed at analyzing the impact of cryptocurrencies on the country’s economic system.

Back in July, the Financial Innovation Bureau (FIB) was established as a member of the Financial Services Commission (FSC) whose role is to monitor the crypto sector, large data, and fintech operations.

Tags: BlockchainCryptocurrencySouth Koretechnology
Previous Post

Jamaica Stock Exchange (JSE) Will Soon Release a Cryptocurrency Trading Platform

Next Post

Here’s Forbes List of Quotes By Top Execs About Bitcoin (BTC)

Adriana M.

Adriana M.

Related Posts

Potential Overturn of Trump Tariffs Court Ruling: Implications for Crypto Markets

by Solomon M.
May 29, 2025

White House Advisor Kevin Hassett suggests a potential overturn of a federal court ruling on Trump-era tariffs, which could impact...

U.S. Court Blocks Tariffs, Sparks Futures Rally

by Solomon M.
May 29, 2025

U.S. court blocks tariffs, boosting equity futures. Market impacts and expert insights analyzed.

White House Advisor Confident in Tariffs Reversal

by Solomon M.
May 29, 2025

White House advisor Kevin Hassett predicts a reversal of the recent court decision halting tariffs.

Bybit Granted MiCA License in Austria for EU Operations

by Solomon M.
May 29, 2025

Bybit secures MiCA license in Austria, expanding EU market operations under new regulatory framework.

Crypto Market Sees $291 Million Liquidations Amid Volatility

by Solomon M.
May 29, 2025

Massive $291 million crypto liquidation impacts Bitcoin, Ethereum traders in 24 hours.

Crypto Market Experiences $291 Million in Liquidations

by Solomon M.
May 29, 2025

$291 million in crypto liquidations occurred, revealing market volatility and impacting traders significantly.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.