South Korea to Invest $35M for Blockchain DevelopmentSouth Korea to Invest $35M for Blockchain Development
By Sheevika Senanayake - November 8, 2018

The South Korean budget for 2019 will include $35M spent on the development of blockchain technology and related distributed ledger technologies. The decision had been made at a meeting between Ministers from different industries, who had agreed to triple the existing budget for the burgeoning field. The second vice minister of the Ministry of Science and ICT has stated that “everyone agrees that the blockchain is a technology [that will] change the future”.