{"id":41420,"date":"2018-04-03T10:00:04","date_gmt":"2018-04-03T17:00:04","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=41420"},"modified":"2018-09-09T19:21:55","modified_gmt":"2018-09-10T02:21:55","slug":"south-korea-crypto-capital","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/south-korea-crypto-capital\/","title":{"rendered":"Seoul Mayor Aims To Launch Capital\u2019s Own Crypto, Establish Better Environment For Blockchain Startups"},"content":{"rendered":"

South Korea<\/a> continues to be a hub of activity in the space of crypto, with Seoul\u2019s announcement that it intends to launch its own regional cryptocurrency, the \u201cS coin.\u201d<\/p>\n

Seoul\u2019s announcement was made by Park Won-Soon, who also said he intends to create a healthier environment for the development of blockchain and virtual currencies in the city, as reported by the news outlet Hankyorech, March 30.<\/p>\n

To prepare Seoul for the future of cryptocurrency and other blockchain tech, he will also draft the required foundational and legal frameworks:<\/p>\n

As Seoul is the world's leading city in the field of information and communications, including the 4th industrial revolution, I think it should naturally study new technologies such as blockchains. \u2026 In order to make an S coin, we must prepare institutional and legal backing such as ordinances.<\/p><\/blockquote>\n

Park also stated the potential uses of blockchain technology to optimize the city\u2019s infrastructure, like public transport and electricity, as well as utilities like water and gas management. Seoul\u2019s blockchain projects are due to be introduced as early as April this year.<\/p>\n

South Korea Could Relax Regulations<\/h2>\n

Additionally, Park remarked on the increasing number of regulations regarding cryptocurrencies, and suggested the idea of a freer regulatory landscape in future:<\/p>\n

The last time the Ministry of Justice announced regulatory measures, it was a tremendous resistance, and the government seemed to think deeply about it. First, it is the local government's task to create cases and models. If the Seoul government releases certain regulations, it will be able to make the model more freely.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

South Korea continues to be a hub of activity in the space of crypto, with Seoul\u2019s announcement that it intends to launch its own regional cryptocurrency, the \u201cS coin.\u201d Seoul\u2019s announcement was made by Park Won-Soon, who also said he intends to create a healthier environment for the development of blockchain and virtual currencies in […]<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,11],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nSeoul Mayor Aims To Launch Capital\u2019s Own Crypto, Establish Better Environment For Blockchain Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/south-korea-crypto-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seoul Mayor Aims To Launch Capital\u2019s Own Crypto, Establish Better Environment For Blockchain Startups\" \/>\n<meta property=\"og:description\" content=\"South Korea continues to be a hub of activity in the space of crypto, with Seoul\u2019s announcement that it intends to launch its own regional cryptocurrency, the \u201cS coin.\u201d Seoul\u2019s announcement was made by Park Won-Soon, who also said he intends to create a healthier environment for the development of blockchain and virtual currencies in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/south-korea-crypto-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-03T17:00:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-09-10T02:21:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/11\/cryptoslate-cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Matthew North\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Seoul Mayor Aims To Launch Capital\u2019s Own Crypto, Establish Better Environment For Blockchain Startups\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Matthew North\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/south-korea-crypto-capital\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/south-korea-crypto-capital\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/matthew-north\/#person\",\"name\":\"Matthew North\",\"url\":\"https:\/\/cryptoslate.com\/author\/matthew-north\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/matthew-north\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/matthew-north\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/03\/author-matthew-north.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/03\/author-matthew-north.jpg\",\"caption\":\"Matthew North\"},\"description\":\"Matthew North is a freelance writer who studies virtual currencies. 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