South Korea’s blockchain association has disclosed its plans to build a ‘specialised crypto-valley district’ in the city of Gwangju. The main intent behind this initiative is to turn the city into a cryptocurrency hub thereby creating new job opportunities.

The Korea Blockchain Enterprise Promotion Association has collaborated with Universal Group to achieve the goal. The blockchain body is looking forward to meeting the mayor of Gwangju and other politicians to further discuss its plans to transform Gwangju into a cryptocurrency governing city.

As reported, the South Korean Government was already trying to create more jobs by concentrating on the manufacturing industry. And, turning Gwangju into a crypto-valley district will help to create one million new jobs in the city.