South Korea's investment in blockchain has doubled

[hBicKOP]

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.

[jemarleon]

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.

[Awesomus Maximus]

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:

The sum planned for 2019 is by 150% higher compared to the funding this year. The sum for blockchain is nearly doubled – from 579.9 billion Korean won to 1.040 trillion Korean won.

[atliens99]

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.

[KevenDabid]

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

[BITSPANISH]

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.

[tsaroz]

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.

[Mariahuhu]

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.

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.

[Ranly123]

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 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.

[U2018]

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.

[Nikolas_the_Wonderworker]

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.

[andrejfilipov876]

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

[covfefe_]

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.

[xianbits]

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.

[Black Coffee]

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.

[Simayi]

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.

[waser12]

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

[btCHOOop]

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.

[paddyfield]

$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.

[Juxiaolong]

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.