Incheon, South Korea launches blockchain hub city
South Korea announced on the 28th that it will establish a blockchain technology innovation support center in the Songdo Michu Building in the second half of this year. Incheon was finally selected as a participant in the "2024 Regional Blockchain Technology Innovation Support Center Construction Project" jointly organized by the Korean Ministry of Science, ICT and Future Planning and the Korea Internet Security Agency (KISA). Incheon is the third region to be selected after Busan and Daegu. In February last year, Incheon established a dedicated blockchain department and formulated a four-year plan to create a blockchain center city, which was promised by Incheon Mayor Liu Zhengfu. After being selected, Incheon will receive KRW 1.8 billion in government funding.
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