Suseong University of South Korea reached a deal on May 22 with the Korea Artificial Intelligence Association, or KORAIA, to create a blockchain and AI campus in Daegu.

According to the announcement released by local media outlet Money Today, the Daegu-based university plans to teach AI, big data, and cloud-based technology in the brand new department. They intend to accept 2021 students.

COVID-19 crisis as potential for growth of blockchain adoption

Kim Kun-woo, director of the & # 39; Planning & Coordination Department of & # 39; e university, praised the announcement. He explained that the world is "rapidly" changing into a blockchain and AI-based society because of the global COVID-19 crisis.

The announcement also says several Daegu-based blockchain companies have agreed to provide training and work experience programs & # 39; s within the campus.

The university will implement user-friendly services that allow for a link between university education and academic administration, hand in hand with experts in each field.

South Korea remains pleased with the blockchain industry

The South Korean government still maintains a positive attitude towards 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 represents a "golden opportunity" for South Korea, and asks private sector companies to exploit this potential.

Two South Korean ministers announced their support for the country's blockchain industry on March 17, with plans to share up to $ 3.2 million in funding to local startups to encourage the use of such technology.

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