The Korean Radio Promotion Association (RAPA) and Jeju University have signed a Memorandum of Understanding (MoU) to promote Blockchain education in Jeju area in South Korea.

The MoU aims to establish a blockchain ecosystem in the Jeju Special Self-governing Province that will facilitate exchange of ideas between students and industry experts, along with improving the competitiveness of domestic blockchain companies.

South Korea has been actively involved in Blockchain projects. The government of Gyeongbuk province has launched a ‘Blockchain Special Committee’ with the goal of building a blockchain hub and encouraging investment in blockchain-related businesses. Also, the government has plans to triple its budget for blockchain projects in 2019.