Seoul National University in South Korea receives Bitcoin donations for the first time.

According to ChainCatcher news, a 78-year-old individual investor named Kim Geo-seok in South Korea recently donated 1 Bitcoin (approximately 157 million won) to the Seoul National University College of Medicine, marking the first time the hospital has received a donation in the form of a digital asset. Mr. Jin is an investor who pays great attention to the investment fields of future technologies such as digital assets, artificial intelligence (AI), and quantum computing. In August this year, he donated 1 Bitcoin each to the Korean Red Cross and the Seoul Welfare Donation Association. It is worth noting that the donation to the Red Cross is also the first case of a large personal digital asset donation after the Financial Services Commission of Korea allowed non-profit organizations to monetize donations of crypto assets in February this year. It is reported that Mr. Jin had previously donated 800 million won to the hospital development fund and 100 million won to the low-income patient assistance fund at Seoul National University Hospital. With this Bitcoin donation, his total donations have exceeded 1 billion won. Seoul National University Hospital stated that it will take this opportunity to improve internal processes to ensure stable acceptance of digital asset donations and plans to broadly use the related donations in fields such as education, research, healthcare, and public health.