Over the next three years, $100 million (worth 140 billion won) worth of funds will be directly invested in blockchain companies operating in Busan.

According to Busan City on the 27th, Busan City signed a business agreement with six domestic and foreign venture capitals on the 28th to establish an ecosystem for the Busan blockchain industry and foster companies. This business agreement will be held as part of the Blockchain Week in Busan 2022 event held at BEXCO in Haeundae, Busan for three days from the 27th.


According to the business agreement, these venture capitals will contribute to the development of the blockchain industry in Busan by investing $100 million in blockchain companies based in Busan over the next three years. In addition, it will actively make efforts to develop excellent talent in the region and attract global talent.

To this end, not only will the blockchain education center be opened, but also educational programs linked to universities will be prepared. It also helps start a new blockchain startup through the Blockchain Startup Support Center. In addition, various activities will be conducted to establish a blockchain ecosystem that combines “technology + talent + business” such as sending news and opening a community for blockchain companies based in Busan.