South Korea's President Was Asked to Hurry With Creating Blockchain Island

August 30, 2018

Authorities of some South Korean provinces held a meeting with the president of the country Moon Jae-in. The agenda of the meeting was the creation of new jobs in South Korea. 

Won Hee-ryong, the governor of the Jeju province, asked the president to designate Jeju Island as the blockchain center, where organizations would hold ICOs.

He said that the launch of ICOs would allow to create 1,500 jobs on the island. 

CoinDesk Korea reports his words:

"If Jeju Island is designated as a blockchain special zone, international standards and regulations on cryptocurrency should be created to ensure that blockchain and crypto companies that are promoting sound businesses both domestically and abroad can conduct businesses in the province."

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