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The University of South Korea announces new blockchain campus

May 23, 2020

South Korean Suseong University signed an agreement with the Korean Artificial Intelligence Association (KORAIA) on May 22. to create a blockchain and an AI campus in Daegu.

According to the announcement from local media company Money Today, the Daegu-based university plans to teach artificial intelligence, big data, and cloud-based technology in a new department. They plan to accept students from 2021.

The COVID-19 crisis as potential for the introduction of blockchain

Kim Kun-woo, director of the university’s planning and coordination department, praised the announcement. He claimed that due to the global crisis of COVID-19, the world is “rapidly” evolving into a blockchain and AI-based society.

The University of South Korea announces new blockchain campus
The University of South Korea announces new blockchain campus

The ad says that too Several blockchain companies based in Daegu have agreed to offer training and work experience programs on campus.

The university will implement user-friendly services that enable cohesion between university education and academic administration, hand in hand with experts in every field.

South Korea continues to cheer the blockchain industry

The government of South Korea continues to be positive about the development of the country’s blockchain industry.

Cointelegraph reported on April 17 that Deputy Minister of Strategy and Finance Koo Yun-cheol said the blockchain market was a “golden opportunity” for South Korea and urged private sector companies to realize this potential.

Two South Korean ministries announced their support for the country’s blockchain industry on March 17 plans to allocate up to $ 3.2 million to local startups to promote the use of this technology.