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South Korean Capital to Invest Over $1 Billion in Fintech and Blockchain Startups by 2022

Published 2019-02-19, 09:18 a/m
South Korean Capital to Invest Over $1 Billion in Fintech and Blockchain Startups by 2022

The Seoul Metropolitan Government has announced plans to invest more than $1 billion in blockchain and fintech startups by 2022, according to the official announcement published on Feb. 18.

According to the release, the South Korean capital’s government plans to use the “Seoul Innovation Growth Fund” for startups that have various investments problems with Series A funding rounds. The fund, launched last year, will primarily focus on startups related to blockchain and fintech industries.

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