South Korean Gen X'ers Pour $11,000 Each on Average into Crypto: Poll

bitcoin South Korea

By CCN: South Koreans are keen to invest in crypto and millennials aren't out front this time. According to a new survey reported by Arirang TV, bitcoin is becoming more popular among South Korean investors. The survey was performed by the Korea Financial Investors Protections Foundation, which canvassed 2,500 South Koreans between the ages of 25 and 64 at year-end 2018 across Seoul and five...

Here's How the Gov't of Seoul is Using a Public Blockchain in the Real-World

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The government of Seoul is using ICON, the largest blockchain project in South Korea by valuation, to process information, issue documents, and conduct a wide range of administrative tasks. On February 8, the Seoul Metropolitan Government moved forward with its plans to develop a blockchain ecosystem with the people of Seoul by creating the Seoul Blockchain Governance Team. The Seoul Blockchain...

Seoul Mayor Announces $53.39 Million Fund for Blockchain Districts

Seoul Blockchain

A South Koran politician has committed a $53.39 million fund to develop blockchain regions in Seoul, local media reported. Park Won-soon, who is the mayor of the South Korean capital city, said their government would create two business complexes to settle 200 blockchain-related companies by 2021. The districts would also serve the purpose of training 730 experts in the field over the course of...

'S-Coin’: Seoul Mayor Floats Launching Cryptocurrency for South Korea’s Capital City

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One of the world’s largest cities may soon have its own cryptocurrency, at least if Seoul Mayor Park Won-soon succeeds in his bid to launch "S-Coin." Park, who will seek a third term as mayor in the June elections, told CoinDesk Korea that S-Coin -- as the cryptocurrency is tentatively named -- could be used as a payment mechanism in the South Korean capital to fund public welfare programs or...

South Korea Backs World’s First Blockchain Pilot for Insurance Payments in Seoul

Blockchain South Korea

Kyobo Life, a government-backed insurance operator, will trial the first-ever real-world implementation of blockchain technology for commercial insurance money payments in Seoul this year. If successful, the feature will significantly enhance customer convenience, particularly during the process of making and getting paid insurance money with a claim. Last week, Seoul-based South Korean life...