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According to an official press release, South Korea will invest 5 trillion won (about 4.4 billion US dollars) for the "Growth Through Innovation" program. The strategy will fund eight pilot projects that plan to develop a “platform economy,” including a digital platform for big data analytics and trading, and a hydrogen fuel cell supply chain.
Considering the national impact of the plan on other industries, South Korea's total investment in the plan is 9 to 10 trillion won.

This is a great step for south korea in accepting cryptocurrency industry, it will also help a lot to gain more crypto community and get more trust from other potential investors.

For sure it will affect the market when the investment is already done.

Please provide some Link for us to check that article or news instantly.

Here is a link on the subject:

https://cryptovest.com/news/south-korea-includes-blockchain-in-44-billion-innovative-growth-plan/

but I don't know if that was the OP's source.

As can be seen, developing blockchain applications is one of 8 types of projects they will be spending the 4.4 billion US dollars on. The good news is, the have doubled the sum for blockchain projects:

Just as I predicted , this is only the beginning for cryptocurrency.  This minor correction is only a bump on the road before we soar to trillions in total marketcap.

Blockchain technology and the cryptocurrency market are new technologies.
So for now, these new technologies are still worth investing in. , ;D

Nice to know this news :). More country is going to support and accept cryptocurrency for now :). But I still don't know the reason why in Korea, BTC price is much higher in all other countries. It's about thousands dollars higher than the average price of BTC on Coinmarketcap.

Glad to see authorities taking initiative to research and develop the new blockchain technology.
Independent researchers and government should go hand in hand to make blockchain technology a boon to the society.

Wow! This is a really good news to all of us if that thing happens because other country will be curious about what blockchain technology does and for sure once they explore it they gonna go for it too.

This is a start of a revolutionary type of investment where in digital currencies are the primary method of payment. South Korea is really adopting in the new trend like crypto and it's a great news for everyone of us.

Yes, this is not a big surprise. You pay attention to South Korea and Japan. They are two very small countries but their attitude towards cryptocurrency is very positive. They all think that cryptocurrency is the future of mankind, so this is good news.

Fantastic news for cryptography. May God grant that these investments of South Korea also influenced cryptology as a hype created in Japan in 2017, when all the crypto-currencies grew rapidly from April to June 2017.

read the article .this is very good news for all scripts industry.

South Korea being one of the global leader in manufacturing and R&D of technology be it smart phones or smart vehicles, it is now rising as the global leader for manufacturing and R&D of blockchain and blockchain based technology.

That's a big sum of money. I am totally impressed with the open-mindedness of South Korea government. We all know that only frw countries are supporting this blockchain technology, there are more that doesn't allow the use of the idea.

It is not surprising that the interest of the South Korean community is so great towards Crypto and with the support of the government at the moment, I am optimistic that South Korea can become a country with more rapid crypto growth in Asia.

But you have to know that this money is invested in the blockchain. Not all blockchain projects have their own cryptocurrency, so don't be too happy.
We can see that the Chinese government is investing heavily in blockchain, but at the same time they are against cryptocurrency.

Good news. It will launch launch the process of modernization, crypto market recovery and international competition.

It is a good news for the cryptocurrency market that the South korea took  cryptocurrency. And they have invested a lot of money in which their pilot projects has worked good.

$500 million is not a small amount. It is a good sign that many small countries are now hoping for a rise in national power through blockchain technology.

Yes, South Korea is crazy about investing in cryptocurrencies. The coins they buy are crazy, they are the wildest countries in Asia. Japanese are more cautious than them.

I think that cryptocurrency will be adopted easily in other Asian countries like South Korea. Because south korea got enough amount from cryptocurrency and they have succeeded by operating their projects.

This is a good news indeed for the South Koreans. Seeing that they are participating in this market is a good thing even in tough times like this.

This is great that the people in South Korea are invested into the market of crypto currency. It is also good the country's government is so cooperative about it.

Glad to know the news! As South Korea is accepting the crypto currency industry, it will also help to achieve more crypto community. When people will know what block chain technology does they will want to explore it. So for now it can be said that, these new technologies are worth of investment.

It is a very good news as South Korea is accepting the crypto currency industry. More crypto community will be achieved through this. After knowing the work of block chain people will have the interest to explore. So now, these technologies are worth of investing.

i think it is good sign for blockchain. south korea are increasing their investment because they realized that blockchain are more secure and potential.it will do something good in future. it is more probable. it will make more profit in future.

Other countries must see how S.K are doing their stuff and get inspired and start following it so that this will boost the crypto currency in their country and overall market will widen. This will also mean that demand will rise and then finally price will also jump and help the btc to reach above 10k.

it is very good news for blockchain. blockchain are more popular and potential in the world it is more secure and probable. it's ensure transparency and people are increasing their belief of it. south korea are good sign for blockchain and its future are good.

south korea are increasing their investment in blockchain it is good new for blockchain. blockchain are trusted and popular technology in the world. its ensure transparency and security.it is more reliable. it do something good in future.

this is a huge investment step, South Korea is very excited to build their economic industry through Cryptocurrency, I really want to know the 8 companies that will develop their platform at a cost of 10 trillion won, I would be very happy if I got the news link about this news, I also want to know the development of these 8 companies, will they make an ICO and campaign on Bitcointalk?

South Korea is probably the most technologically advanced country in the world. This is a hardworking and clever nation, thanks to which the crypto industry has developed so much in recent years. I hope that in the future they will have a beneficial effect on cryptoworld.

this is very good news and a very big + not only for the cryptocurrency market, but also for Korea itself. this will give a new impetus. country itself. and soon, I am sure that many countries will switch to cryptocurrency.

Crypto and blockchain are different stuff I read the article and it is clearly stated that they are going to develop platforms for their big projects and that includes the blockchain technology innovation for data management security but it is a good thing that some countries like South Korea want to innovate their platforms and economy through the development and usage of blockchain, so many rooms for improvement and stuff to learn from this tech but we can clearly say this would be revolutionary in the near future.

A good news, South Korea has accepted Cryptocurrency. Hopefully, in the near future, all countries of the world including Asia will accept cryptocurrency. And will encourage investors of the country to invest and benefit all our investors.