🇰🇷 Korea's Jeju Island appeals to president in push for ICO hub status

Governor Won Hee-ryong of the Jeju province proposed to the president that the island should be designated as a special hub for blockchain to allow companies to conduct ICOs, as CoinDesk Korea reports. Won argued that, by doing so, the region would create at least 1,600 more jobs by attracting both domestic and foreign companies wishing to launch ICOs – especially those whose home jurisdictions prohibit token sale fundraising, such as China.