The city of Busan in South Korea is selecting an operator to build and operate the Busan Digital Asset Exchange

Busan City has recently issued a notice and is currently selecting operators to establish and operate the Busan Digital Asset Exchange. The Busan Digital Asset Exchange Promotion Group will announce the results next month through a review and demonstration evaluation of documents submitted by the Busan City Government. After selecting the operator, it is expected that the business steps will be accelerated and the company will be established within the year. The Busan Digital Asset Exchange project is 100% promoted through private investment. Business operators therefore have investments in business infrastructure costs, operations and ownership. However, depending on the content of future projects, administrative support from Busan City may be obtained. Business proposals related to the establishment of the Busan Digital Asset Exchange must be submitted before the 28th. Those who wish to apply as a business can view materials such as the plan to establish the Busan Digital Asset Exchange and the future establishment schedule. As part of the Busan project, according to relevant news, the core of the business purpose is to transform Busan into a city based on blockchain technology by 2026 and become a leader in the blockchain industry and ecosystem. At the same time, Busan City, which serves as a blockchain free supervision zone, dissolved the Busan Digital Asset Exchange Establishment Promotion Committee, which recently completed its work, and reviewed the adoption of the Free Zone Steering Committee.