BUSAN, South Korea, Oct. 28, 2022 (GLOBE NEWSWIRE) — OKX Blockdream Ventures, the investment arm of leading global cryptocurrency trading platform OKX, today announced the signing of a Memorandum of Understanding (MoU) with the city of Busan in South Korea.
As part of the agreement, the city of Busan will encourage investors to increase their investment in the Busan blockchain sector. In addition, the city of Busan will provide the necessary resources to attract large amounts of foreign capital for the development of the blockchain sector.
OKX Blockdream Ventures plans to contribute to the development of Busan City’s blockchain sector in several ways by:
- Contribute to the development of the blockchain industry in Busan in many ways, such as increasing efforts to recruit excellent local talent and attract global talent.
- Make full use of local capabilities and resources.
- Provides media and marketing solutions to develop the blockchain sector in Busan.
Dora Yue, Founder, OKX Blockdream Ventures, said: “This partnership with the city of Busan is an important step for OKX Blockdream Ventures. Through our industry-leading position, we hope to invest in promising and innovative blockchain projects in South Korea and actively promote the development of the local the blockchain industry.”
Heong-Joon Park, Mayor of Busan, said: “We welcome VCs on board in Busan and expect much from our future cooperation. We appreciate your active participation in building Busan’s blockchain ecosystem. Together, we will help make Busan to a blockchain specialized city.”
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About OKX Blockdream Ventures
OKX Blockdream Ventures is an investment institution under the worldwide top trading platform OKX. It focuses on exploring the best blockchain projects on a global scale, supporting the most cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.
OKX Blockdream Ventures is also committed to helping entrepreneurs who contribute to the development of the blockchain industry build great companies and bring global resources and historical experience to blockchain projects. The initial capital of OKX Blockdream Ventures is USD 100 million.
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