Jeju Startup Association (JSA) and Korea Blockchain Startup Association (KBSA) signed a MOU to develop South Korea’s blockchain industry and to designate a special zone for blockchain in Jeju. These two associations have decided to work together to carry out these goals.
“Jeju is the only no-visa place in South Korea and it is the optimal place to create a new market by having various global companies and personnel go in and out.” said Chairman Yoon Hyung-joon of JSA.

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<Chairman Yoon Hyung-joon (fourth from the right) of Jeju Startup Association and Chairman Shin Geun-young (fifth from the right) of Korea Blockchain Startup Association took a commemorative picture with representatives after signing a MOU.>

Through this partnership, they are going to co-develop South Korea’s blockchain industry through research, development of policies, and mutual exchange and work together in creating jobs, diversifying blockchain industry, and helping South Korean companies to enter foreign markets.
Staff Reporter Gil, Jaeshik | osolgil@etnews.com