Nationwide First Local Government Establishes the 'Busan Blockchain Technology Innovation Support Center'

Establishment of a Support Hub for Fostering Blockchain Technology Companies in Busan

Opening Ceremony Held at 2 PM on the 7th, 8th Floor of Busan International Finance Center

Facility Status of 'Busan Blockchain Technology Innovation Support Center'.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Busan City held the opening ceremony of the ‘Busan Blockchain Technology Innovation Support Center’ on the 7th at 2 p.m. on the 8th floor of the Busan International Finance Center, accelerating systematic support for blockchain companies.

The opening ceremony is expected to be attended by Park Yoon-kyu, 2nd Vice Minister of the Ministry of Science and ICT, Lee Won-tae, President of the Korea Internet & Security Agency, Park Jin-seok, Busan City Financial Startup Policy Officer, Kim Kwang-myung, Chairman of the Planning and Finance Committee of the City Council, as well as representatives of resident companies.

The establishment of the support center was promoted after Busan City was the first among local governments nationwide to be selected in May for the Ministry of Science and ICT and Korea Internet & Security Agency’s ‘Regional Blockchain Technology Innovation Support Center Establishment’ project. Located on the 8th floor of the Busan International Finance Center (BIFC), the center has completed the creation of various support facility spaces including company residency spaces leading blockchain industry innovation, test platforms, experience spaces, collaboration spaces, meeting rooms, and lounges, and is officially opening today.

Along with facility setup, 16 companies were selected through a recruitment process for blockchain company residency in November, with move-in scheduled for December.

To support the development of blockchain technology application services, the center provides ▲test platforms ▲customized commercialization support (product/service advancement, consulting, domestic and international certification support, marketing support, etc.) ▲customized education support ▲legal mentoring, and establishes a cooperative system among companies. It plans to conduct systematic and diverse corporate support projects targeting all blockchain companies operating in Busan.

Park Jin-seok, Busan City Financial Startup Policy Officer, stated, “Going forward, the ‘Busan Blockchain Technology Innovation Support Center,’ which will serve as the forward base for creating a blockchain-specialized cluster, and ‘B-Space,’ which supports startups, will be the core to making Busan a truly global blockchain hub city.”

This content was produced with the assistance of AI translation services.