MSICT, the Korean Ministry of Science and Informaiton Communications Technology, has requested for more support in order to facilitate the growth and to provide more support to the country blockchain industry.
Min Won-ki, the Second Minister of Science and ICT, organized a meeting with the representatives of the blockchain startups, which have been already called the Fourth Industrial Revolution.
The meeting was devoted to the blockchain projects. They were initiated by the government to support the blockchain market and to improve the investment services and mechanisms.
As well, different applications fields of the blockchain were reviewed.
From their side, blockchain startups indicated on the need to form some kind of a blockchain environment, in a cloud, that would provide development and support of the private sector. It should as well create healthy competitive environment with domestic and foreign blockchain companies.