South Korea To Use Blockchain To Track Beef

Blockchain, News | November 23, 2018 By:

The South Korean government is planning to use blockchain technology to track beef through the supply chain.

Local news outlet Yonhap reported that the Ministry of Agriculture, Food and Rural Affairs and the Ministry of Science and ICT will jointly launch the pilot program in cattle farms and slaughterhouses in North Jeolla Province in December.

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ICON Showcases Three Blockchain Services For Seoul Residents

Blockchain, News | November 2, 2018 By:

Blockchain startup ICON, in partnership with the Seoul government, has demonstrated the three main components of its blockchain platform.

ICON is building a decentralized network that allows independent blockchains with different governances to transact with one another without intermediaries. The company is vying to be the first to connect South Korea through a massive-scale blockchain.

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Blockchain Startup Electron To Pilot Energy Trading Platform In South Korea

Blockchain, Innovation, News | October 18, 2018 By:

Blockchain startup Electron has received further funding from the UK’s Government Department of Business Education, Innovation and Skills (BEIS) to pilot an energy flexibility trading platform in South Korea.

Part of the UK-South Korea Smart Energy Innovation Collaboration competition, the UK grant will help fund Electron’s project with South Korean energy solutions provider GridWiz,

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Seoul Mayor Announces $88.2M USD Blockchain Fund

Blockchain, News | October 5, 2018 By:

Park Won-Soon, the mayor of South Korea’s capital Seoul, has unveiled a five-year plan to promote blockchain industries.

The initiative, dubbed “Blockchain City of Seoul,” includes startup funds and the creation of business complexes. Speaking in Zug, Switzerland on Thursday, Park said that the city plans to create a 100 billion won ($88.2M USD) public-private fund to invest in blockchain startups by 2022.

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South Korean Govt Pledges Support For Blockchain Startups

News | September 21, 2018 By:

The South Korean government has pledged to increase support for local blockchain startups to speed up the growth of the industry.

During a meeting with blockchain startups in Bundang, Gyeonggi Province on September 20, Second Vice Minister of Science and Information Communications Technology (ICT) Min Won-ki listened to startups explain the challenges and difficulties they face in doing business in the country.

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