July 7th, 3 PM at Busan Eurasia Platform, 'Busan Blockchain Regulatory Free Zone Operation Committee' Meeting
Chairman Kim Sang-min Appointed, Deputy Mayor for Economy, Busan Technopark Director, and Busan International Finance Promotion Agency Dir
On the 7th at 3 p.m., Busan City held the first 'Busan Blockchain Regulatory Sandbox Special Zone Operation Committee' of the year at the Busan Eurasia Platform (located at Busan Station, Dong-gu).
Attendees included Kim Gwang-hoe, Deputy Mayor for Economic Affairs; Kim Hyung-gyun, Director of Busan Technopark; Lee Myung-ho, Director of Busan International Finance Promotion Agency; Kim Tae-yeol, Director of Busan Information Industry Promotion Agency; Park Sang-hwan, Head of Blockchain Industry Division at Korea Internet & Security Agency; Lee Geun-joo, President of Korea Fintech Industry Association; Kim Ho-won, Professor at Pusan National University; and 12 other committee members.
This meeting was organized to discuss the activation of the Busan Blockchain Regulatory Sandbox Special Zone?the only one nationwide?as well as the discovery of new blockchain projects and fostering related industries. At this meeting, Vice Chairman Kim Sang-min of Irom was appointed as the committee chairman.
In October last year, Busan City restructured the 3rd Operation Committee with a total of 24 experts possessing a high level of expertise in blockchain technology to share and expand the achievements of the Busan Blockchain Regulatory Sandbox Special Zone project, discover new projects in the 10th round, expand the special zone projects, and foster the blockchain industry.
The newly appointed Chairman Kim Sang-min is currently serving as a blockchain policy advisor for Busan City and chairs the Promotion Committee for the establishment of Busan City's Digital Asset Exchange. As an expert who has led the creation of the blockchain ecosystem, the city expects that Chairman Kim’s abundant expertise and solid personal network will play a significant role in revitalizing the Busan Blockchain Regulatory Sandbox Special Zone.
In particular, during this meeting, it was agreed to form subcommittees by sector for effective operation of the Operation Committee and that active meetings combining both online and offline formats are necessary.
Deputy Mayor for Economic Affairs Kim Gwang-hoe stated, “Based on the newly launched Operation Committee, we will continuously discover promising business areas that require regulatory relief and services that need to incorporate blockchain technology. Our city will do its utmost to ensure that the projects discovered in this way are selected as new projects for the blockchain regulatory sandbox special zone and that the special zone status is maintained.”
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