Incheon, South Korea launches blockchain hub city

Golden Finance reported that Incheon Metropolitan City in South Korea announced on the 28th that it will establish a blockchain technology innovation support center in the Songdo Michu Hall Building in the second half of this year. Incheon City was finally selected for the "2024 Regional Blockchain Technology Innovation Support Center Construction Project" jointly organized by the Ministry of Science, Information and Communications of Korea and the Korean Internet and Security Agency (KISA). Incheon is the third region selected after Busan and Daegu. In February last year, Incheon City established a dedicated blockchain department and formulated a four-year plan to create a blockchain center city, to which Incheon Mayor Yoo Jung-bok made a commitment. After being selected, Incheon will receive 1.8 billion won in government funding.