Seoul Mayor Aims To Launch Capital’s Own Crypto

Park Won-soon, the mayor of Seoul, has declared his intentions to launch South Korean capital’s own cryptocurrency and create a better environment for the development of Blockchain and digital currency projects in the city, the news outlet Hankyoreh reported March 30, referencing an interview with Coindesk Korea.

Park made a public announcement on March 22, stating that he would pursue the creation of Blockchain-oriented industrial clusters and startups and work towards the development of Seoul’s own cryptocurrency ‘S coin.’ To achieve this goal, he will reportedly help prepare the necessary institutional and legal foundations.


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