The government of South Korea has allocated $ 4.4bn to a new innovation investment programme with a particular focus on innovation and blockchain technology . In 2019, Korea’s finance ministry reveals an investment of 1,040 billion won ($918 million) for the sectors, a near 80% increase in investments into the spaces. The " Growth through Innovation " scheme will commence next year , and represents a 65 % increase in spending on innovation compared with the current year . It was announced by the country 's finance minister Kim Dong - yeon , and will strengthen South Korea 's focus on developing new technology and infrastructure in the areas of blockchain , big data and artificial intelligence . State - led companies are also investing up to $ 5000 in the programme , according to the ministry of finance .
The government of South Korea has allocated $ 4.4bn to a new innovation investment programme with a particular focus on innovation and blockchain technology . The " Growth through Innovation " scheme will commence next year , and represents a 65 % increase in spending on innovation compared with the current year . It was announced by the country 's finance minister Kim Dong - yeon , and will strengthen South Korea 's focus on developing new technology and infrastructure in the areas of blockchain , big data and artificial intelligence . State - led companies are also investing up to $ 5000 in the programme , according to the ministry of finance .