Mayor of Seoul made a statement about making Seoul as global blockchain city.
and for the first step toward blockchain city was to hold a big conference related to blockchain.
Seoul, have a 5 years of plan about blockchain industry, education, and government fairs.
In detail the plan is to invest more than 120 billion KRW to make blockchain hub.
Blockchain has been receiving attention for it's innovative characteristic. It's possibility could be converged with finance, supply chain, medical, etc changing the whole concept of existing structure.
Anyway, Seoul is composing a blockchain complex in Gae-po and Mapo. As a result the biggest fintech conference ABF is taking place in Seoul, Mapo startup hub center.
Since the blockchain technology is very new to everyone and there are not many place to conduct blockchain Seoul is planning to provide public administration platform as test bed. The mayor Park Won-soon stated that no city has actually conducted the blockchain to their actual administration system and this test bed will vitalize the blockchain industry.
Even though there was no detailed regulation for blockchain and cryptocurrency in South Korea by capital city Seoul trying to work it out with blockchain experts are seeing as a good chance to change the atmosphere of blockchain industry.