South Korean Capital’s $1 Billion Startup Fund Will Include Blockchain Firms

The government of South Korea’s capital city has committed to invest 1.2 trillion won ($1.07 billion) by 2022 via an investment fund for startups, including those working with fintech and blockchain.

The Seoul Metropolitan Government announced the news Monday, stating that via the Seoul Innovation Growth Fund, which launched last year, it will invest across various sectors in order to help startups that currently struggle to gain Series A or seed funding, CoinDesk Korea reports.

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