South Korean Island Could Become Blockchain Hub After Major Push From Its Governor

  • Alex Dovbnya
    📰 News

    Won Hee-ryong, governor of South Korea’s Jeju province that encompasses the country’s biggest island, met with President Moon Jae-in on Aug. 30 to discuss job creation


South Korean Island Could Become Blockchain Hub After Major Push From Its Governor

Won Hee-ryong, the governor of South Korea’s Jeju province that encompasses the country’s biggest island, met with President Moon Jae-in on Aug. 30 to discuss job creation. During the meeting, he argued that Jeju Island could easily become next major Blockchain hub and called for corresponding legislative actions that would create an incentive for companies to host their ICOs there.

Won claims that many countries in the likes of China took prohibitive measures against ICOs, which could play right into their hands if they choose to create ICO free zone. According to his estimations, that would add nearly 1,600 new jobs.

 

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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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