Incheon, South Korea launches a blockchain hub city

Incheon Metropolitan City, South Korea announced on the 28th that it will establish a blockchain technology innovation support center in the second half of this year at the Matsushima Micho Guild Building. Incheon City was finally selected as the "2024 Regional Blockchain Technology Innovation Support Center Construction Project" jointly organized by the Ministry of Science, Information and Communication of the Republic of Korea and the Korean Internet and Security Agency (KISA). Incheon is the third region selected after Busan and Daegu. Last February, Incheon City established a dedicated blockchain department and formulated a four-year plan to create a blockchain hub city. Incheon Mayor Liu Zhengfu made a commitment to this. After being selected, Incheon will receive government funding of 1.8 billion Korean won.