Blockchain Venture Firms to Invest $100M in Busan for Ecosystem Development

Since being approved as a “regulation-free blockchain zone” by the South Korean government in 2019, Busan has been pushing itself as a blockchain hub and entered into several partnerships with firms in the industry. It has signed agreements with some of the world’s largest crypto exchanges including Binance, FTX and Huobi to help develop the blockchain infrastructure, with some intending to establish presences there in the near future.