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Incheon City To Become Blockchain Hub City By Supporting Local Software Companies
Incheon City, South Korea, is focusing on customized support for companies to foster leading software (SW) companies in the jurisdiction, in line with its promotion strategy to create Incheon as a blockchain hub city. This move is part of the city’s efforts to pre-emptively respond to new technologies such as blockchain and artificial intelligence (AI) and meet the increasing demand for these fields.
Recently, Incheon City announced that three local companies had been selected for the ‘2023 Regional Leading Business Commercialization Support Project,’ a public contest by the Ministry of Science and ICT. The three companies selected are Mondrian AI, JNP Medi, and D35 Co., Ltd. All three companies were chosen through a contest for innovative technologies such as blockchain and artificial intelligence (AI) held by Incheon City prior to participating in the government contest.
The contest project aims to foster software (SW) companies in regions with research and development capabilities and growth potential, providing them with various autonomous support services tailored to their needs to become leading companies with core competencies. The government has secured 576 million won to support these companies, with the total project cost being 1.152 billion won.
Incheon City and the Incheon Technopark Software (SW) Industry Promotion Agency will develop various high-growth programs to nurture these companies into leading firms. These programs will be tailored to the needs of the companies, including technological advancement, domestic and international marketing, testing, technology/management consulting, investment attraction, and internship linkage.
Lee Nam-joo, director of the Future Industry Bureau, said, “I hope that Incheon City’s customized support will contribute to the growth and sales of local companies.” The city is promoting various business support projects to foster future leading companies, such as the Rising Star program, open innovation, scale-up, and fund creation.
In conclusion, Incheon City’s focus on customized support for leading software (SW) companies shows its commitment to becoming a blockchain hub city. With the increasing demand for blockchain and artificial intelligence (AI), the city’s efforts to pre-emptively respond to new technologies will be key in fostering local companies to become leading firms in the future.
#Incheon #korea #crypto2023 #blockchain #azcoinnews
This article was republished from azcoinnews.com
Recently, Incheon City announced that three local companies had been selected for the ‘2023 Regional Leading Business Commercialization Support Project,’ a public contest by the Ministry of Science and ICT. The three companies selected are Mondrian AI, JNP Medi, and D35 Co., Ltd. All three companies were chosen through a contest for innovative technologies such as blockchain and artificial intelligence (AI) held by Incheon City prior to participating in the government contest.
The contest project aims to foster software (SW) companies in regions with research and development capabilities and growth potential, providing them with various autonomous support services tailored to their needs to become leading companies with core competencies. The government has secured 576 million won to support these companies, with the total project cost being 1.152 billion won.
Incheon City and the Incheon Technopark Software (SW) Industry Promotion Agency will develop various high-growth programs to nurture these companies into leading firms. These programs will be tailored to the needs of the companies, including technological advancement, domestic and international marketing, testing, technology/management consulting, investment attraction, and internship linkage.
Lee Nam-joo, director of the Future Industry Bureau, said, “I hope that Incheon City’s customized support will contribute to the growth and sales of local companies.” The city is promoting various business support projects to foster future leading companies, such as the Rising Star program, open innovation, scale-up, and fund creation.
In conclusion, Incheon City’s focus on customized support for leading software (SW) companies shows its commitment to becoming a blockchain hub city. With the increasing demand for blockchain and artificial intelligence (AI), the city’s efforts to pre-emptively respond to new technologies will be key in fostering local companies to become leading firms in the future.
#Incheon #korea #crypto2023 #blockchain #azcoinnews
This article was republished from azcoinnews.com
#Write2Earn #TrendingTopic #TradeNTell #BTC #korea South Korean Political Party Eyes Crypto Revolution with Bitcoin ETF and Tax Breaks.
The People Power Party in South Korea is contemplating significant moves in the cryptocurrency space, including launching a Bitcoin spot ETF and a tax deferral for virtual assets. These proposals are part of the party’s general election pledges to capitalize on South Korean people’s growing interest in the crypto sector.
The People Power Party’s considerations include establishing a ‘Digital Asset Promotion Committee’ and exploring measures such as Initial Exchange Offerings (IEOs), corporate virtual asset investments, and Bitcoin spot ETFs. The party recognizes the potential of virtual assets and aims to elevate the role of the proposed committee to a level similar to the ‘Securities and Futures Committee.’
This declaration aligns with the broader trend of the government and the National Assembly addressing regulatory aspects of the crypto market.
According to the Herald Business Daily, the party is exploring a “virtual asset taxation deferral” for a minimum of two years as part of its general election promises, aligning with the broader trend of easing financial regulations in the country.
The People Power Party aims to resolve policy discrepancies related to virtual assets, including the classification of virtual asset exchanges. There’s also consideration for a virtual asset blind trust for National Assembly members and high-ranking public officials, reflecting a comprehensive approach to cryptocurrency governance.$BTC $BNB $XRP
The People Power Party in South Korea is contemplating significant moves in the cryptocurrency space, including launching a Bitcoin spot ETF and a tax deferral for virtual assets. These proposals are part of the party’s general election pledges to capitalize on South Korean people’s growing interest in the crypto sector.
The People Power Party’s considerations include establishing a ‘Digital Asset Promotion Committee’ and exploring measures such as Initial Exchange Offerings (IEOs), corporate virtual asset investments, and Bitcoin spot ETFs. The party recognizes the potential of virtual assets and aims to elevate the role of the proposed committee to a level similar to the ‘Securities and Futures Committee.’
This declaration aligns with the broader trend of the government and the National Assembly addressing regulatory aspects of the crypto market.
According to the Herald Business Daily, the party is exploring a “virtual asset taxation deferral” for a minimum of two years as part of its general election promises, aligning with the broader trend of easing financial regulations in the country.
The People Power Party aims to resolve policy discrepancies related to virtual assets, including the classification of virtual asset exchanges. There’s also consideration for a virtual asset blind trust for National Assembly members and high-ranking public officials, reflecting a comprehensive approach to cryptocurrency governance.$BTC $BNB $XRP
South Korea’s Justice Ministry has hit out at claims that Minister Han Dong-hoon “refused to disclose information” about whether or not he owns crypto.
Per the media outlet Newsis, the ministry claimed that “the cryptoasset holding status of public officials who work with cryptoasset [regulation]” is “checked regularly.”
The ministry claimed that it conducted bi-annual checks on all “public officials belonging to the Ministry of Justice,” including “the Minister and Vice Ministers.”
#korea #crypto #crypto2023 #minister #cryptoassets
Per the media outlet Newsis, the ministry claimed that “the cryptoasset holding status of public officials who work with cryptoasset [regulation]” is “checked regularly.”
The ministry claimed that it conducted bi-annual checks on all “public officials belonging to the Ministry of Justice,” including “the Minister and Vice Ministers.”
#korea #crypto #crypto2023 #minister #cryptoassets
South Korea's People Power Party abandons pre-election promise regarding Bitcoin ETF
The People Power Party in South Korea, led by lawmaker Yoon Chang-hyun, planned to announce a commitment regarding virtual assets last week, but its statement was postponed indefinitely.
South Korean politics and cryptocurrencies: Delay and reasons
The People Power Party in South Korea, under the leadership of lawmaker Yoon Chang-hyun, faces public scrutiny after postponing its pre-election promise regarding cryptocurrencies indefinitely. This promise included efforts to ease existing regulations and restrictions for cryptocurrencies, including lifting the ban on local spot bitcoin ETFs. The delay was justified by the need for further coordination with government and financial authorities, indicating significant discrepancies in approaches to regulating virtual assets.
Impact on investors and regulator's stance
The national financial regulator reiterated its ban on cryptocurrency ETFs in January, arguing that virtual assets do not meet the standards for underlying assets set forth in the capital markets law. This move comes despite the recent approval of a spot bitcoin ETF by the United States Securities and Exchange Commission (SEC), signaling increased acceptance of cryptocurrencies on the international stage. However, the South Korean Financial Services Commission maintains a cautious stance, citing investment risks associated with virtual assets and remaining in a position to protect local investors from potential instabilities.
Political promises and international perspectives
The recent announcement by the opposition Democratic Party regarding its promises concerning crypto ETFs highlights growing political competition in this area as the general elections scheduled for April 10 approach. Meanwhile, South Korea's Financial Supervisory Service (FSS) is preparing to gain an international perspective by requesting guidance from the United States Securities and Exchange Commission on spot bitcoin ETFs, indicating openness to dialogue and potential review of existing positions based on international trends and standard practices.
This delay and related political maneuvering reveal the complexity of the relationship between government regulation, financial innovation, and political promises. While regulators and politicians weigh potential risks and benefits, investors and cryptocurrency companies remain in anticipation of clearer and more stable rules for their operations and investments.
$BTC
#BTC #ETF #bitcoin #korea
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
South Korean politics and cryptocurrencies: Delay and reasons
The People Power Party in South Korea, under the leadership of lawmaker Yoon Chang-hyun, faces public scrutiny after postponing its pre-election promise regarding cryptocurrencies indefinitely. This promise included efforts to ease existing regulations and restrictions for cryptocurrencies, including lifting the ban on local spot bitcoin ETFs. The delay was justified by the need for further coordination with government and financial authorities, indicating significant discrepancies in approaches to regulating virtual assets.
Impact on investors and regulator's stance
The national financial regulator reiterated its ban on cryptocurrency ETFs in January, arguing that virtual assets do not meet the standards for underlying assets set forth in the capital markets law. This move comes despite the recent approval of a spot bitcoin ETF by the United States Securities and Exchange Commission (SEC), signaling increased acceptance of cryptocurrencies on the international stage. However, the South Korean Financial Services Commission maintains a cautious stance, citing investment risks associated with virtual assets and remaining in a position to protect local investors from potential instabilities.
Political promises and international perspectives
The recent announcement by the opposition Democratic Party regarding its promises concerning crypto ETFs highlights growing political competition in this area as the general elections scheduled for April 10 approach. Meanwhile, South Korea's Financial Supervisory Service (FSS) is preparing to gain an international perspective by requesting guidance from the United States Securities and Exchange Commission on spot bitcoin ETFs, indicating openness to dialogue and potential review of existing positions based on international trends and standard practices.
This delay and related political maneuvering reveal the complexity of the relationship between government regulation, financial innovation, and political promises. While regulators and politicians weigh potential risks and benefits, investors and cryptocurrency companies remain in anticipation of clearer and more stable rules for their operations and investments.
$BTC
#BTC #ETF #bitcoin #korea
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
South Korea's updated donation laws, set to take effect in July, exclude digital currencies like Bitcoin from accepted forms of donation, despite their popularity in the country. While the legislation expands donation methods to include various alternatives like gift vouchers and stocks, #cryptocurrency donations are notably omitted. However, the law allows donations in local government-issued stablecoins and blockchain-issued gift vouchers. In contrast, charitable organizations in the United States increasingly accept digital currency donations. Meanwhile, #SouthKorea is bolstering efforts to combat cryptocurrency-related crimes by elevating its crypto crime investigative unit to an official department. #korea
#SafePal is partnering with #Klaytn network to serve #crypto users in #korea better! Read more about the partnership on #Cointelegraph here:
https://cointelegraph.com/press-releases/safepal-partners-with-klaytn-network-to-globalize-adoption-of-web3-and-defi
https://cointelegraph.com/press-releases/safepal-partners-with-klaytn-network-to-globalize-adoption-of-web3-and-defi
The blockchain-based decentralized patient network Humanscape has completed a C+ round of financing of KRW 20 billion (approximately USD 15.34 million).
#humanscape #web3 #korea
#humanscape #web3 #korea
Korean Bitcoin spot ETF is Coming!
Korea is one of the biggest crypto industry in the world
South Korea’s left-wing Democratic Party plans to request financial regulators to review the currently banned spot bitcoin exchange-traded funds, according to a South Korean news report. This signifies the party’s next step in its initiative to make spot bitcoin funds locally accessible
If it approved it will be one of the biggest player in the Bull tun#
#BTC #buythedip #bitcoinhalving #ETHETFS #korea
Korea is one of the biggest crypto industry in the world
South Korea’s left-wing Democratic Party plans to request financial regulators to review the currently banned spot bitcoin exchange-traded funds, according to a South Korean news report. This signifies the party’s next step in its initiative to make spot bitcoin funds locally accessible
If it approved it will be one of the biggest player in the Bull tun#
#BTC #buythedip #bitcoinhalving #ETHETFS #korea
#korea $KNC
If you want to import from Korea, you need to get kc certification. KNC successfully pushes coins from Korea
If you want to import from Korea, you need to get kc certification. KNC successfully pushes coins from Korea