It is believed that the Jeju University and the Korea Radio Promotion Association is believed to have signed a MoU which seeks to unite both parties in their bid to ensure that education relating to the blockchain technology is being sponsored in the Jeju area.
This agreement is coming from two of the most influential corporations in South Korea. Jeju University is one of the leading centres in Korea for the advancement and research of all things technological and RAPA is believed to be the communication that exists between all radio corporations and the government of South Korea. They have come together to ensure that such matters relating to the blockchain technology and digital currencies is being addressed and promoted in the region to ensure that development continues uninterrupted.
This agreement is set to ensure that those in the industry relating to the blockchain technology and other academic groups would have the chance to see eye to eye and exchange ideas on ways in which they can make the blockchain technology get better than it already is. They also seek to increase the number of blockchain companies who are locally based in Korea at the moment. It is important to note that earlier this year, the Korean government established a committee with the aim and objective of establishing a hub right there in the country to ensure that the blockchain technology keeps on growing.
THE KOREAN GOVERNMENT HAS TRIPLED THEIR BUDGET THIS YEAR IN THE AREA OF ADVANCEMENT AND DEVELOPMENT OF THE BLOCKCHAIN TECHNOLOGY
The move to get the country more involved in all things cryptocurrency is also growing with each passing day as a hospital also recently signed an agreement with a tech company which would allow them to research on ways in which the blockchain technology would be able to improve the medical services and products which are presently available to all doctors and patients. It is also quite clear that the Korean government is fully in support of this activity. This has been shown in the way in which in recent times and years, the focus in the budget which has given to the blockchain technology keeps increasing. It is believed that it tripled in this year budget as the Korean seeks to make advancements in all areas related to the blockchain technology. It remains to be seen the amount of development which would be made.
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