As a cutting-edge-technology, blockchain has gained massive adaptation in 2018 and South Korea is making huge investments towards blockchain technology, following the nation’s tradition as a tech pioneer that fastly adopts the latest technologies.

Since there are some exchanges and ICOs banned in Korea, It doesn't stop its investors in adopting Blockchain Technology. And this blockchain technology has gained mass adoption in industries such as finance, trade, logistics, and health care.

Blockchain Regulation in South Korea

South Korea is the first country in adopting any new technology and innovations, allows for blockchain technology too. South Korea allows partial " Regulation free Zone " for using blockchain technology and also for crypto companies.

In South Korea, there is no existing regulatory regime that mentions cryptocurrency as regulated assets. However, the Korean Regulators apply the existing Korean laws and regulations for cryptocurrencies.
Busan a well-known Metropolis of South Korea has been declared as a “regulation-free” zone for blockchain development by the Korean Government. On July 24, The Ministry of SMEs announced that Busan, as the second-largest city in the country will adopt blockchain technology in various aspects such as finance, public safety and tourism, banking and a lot more.

Future Blockchain-based South Korea

While the other countries still struggling to understand the benefits of digital transformation, Korea has been digitizing itself constantly in various aspects of Korean life. The government of South Korea has been supporting the mass adoption of blockchain technology throughout the country.

As a whole, the future of South Korea with blockchain and crypto-related activities looks bright and the country will be an instrument in bringing blockchain to the mainstream globally

Bitdeal - Blockchain Development Company in South Korea

As, knowing the potential benefits of blockchain development in Korea, Bitdeal started providing our exclusive blockchain development services in and around Korea. Our targeted metropolis in Korea includes Seoul, Busan, Ulsan, Daejeon and so on.

We are happy in expanding our blockchain solutions for major Korean Industries such as Telecommunication, Government, Agriculture, Supply Chain and lot more.

Our Blockchain Solutions in Korea

Our Blockchain Services in the land of Korea includes the following:

1. Private/ Custom Blockchain Development
2. Smart Contract Development
3. Decentralized Application Development
4. Blockchain Consulting Services
5. Hyperledger Blockchain Development

Source : https://www.bitdeal.net/blockchain-development-company-south-korea