Korea

South Korea Eyeing to Grant More Virtual Banking Licenses

South Korea’s Financial Services Commission (FSC), the government’s top financial regulator, will resume a new round of procedures for granting preliminary approval for digital banks, the FSC said on July 17. Earlier this year, the FSC said it intended to

Read More

Korea’s Regulator Approves Another 5 Companies to Be Part of its Fintech Sandbox

The Financial Services Commission of  South Korea has approved an additional 5 companies to be part of its fintech sandbox. At the time of publishing the regulator has approved 42 services to be tested in the sandbox, 9 of which

Read More

5 Recent Stories Shaping Korea’s Blockchain Ecosystem

South Korea’s attempts to put itself on the map in the world of blockchain seem to be bearing fruit more and more lately. Increasingly, South Korean banks and tech firms are ramping up blockchain adoption in a big way with

Read More

A Look into South Korea’s Booming E-Wallet Scene

South Koreans are increasingly going cashless as more people turn to e-wallets in South Korea for both online and offline purchases. Figures can attest of the rapidly growing trend with 2.12 million won (US$1,800) worth of mobile payment transactions being

Read More

South Korea’s Banks Commit US$492.7 Million to Digitisation

South Korea’s banking industry is embracing digital transformation with 65.7% of the country’s financial institutions pursuing various business projects in regard to digitalization. These firms have committed a combined 584.5 billion won (US$492.7 million) this year towards such projects, according

Read More

Korea Approves 9 Companies into its Fintech Sandbox

As part of its overarching grand plan to boost fintech in Korea, the Financial Services Commission of Korea announced the first batch of financial services providers into its financial regulatory sandbox. Among 19 applications shortlisted for priority review, 9 firms

Read More

Top 10 Hottest Fintech Startups in South Korea

Though relatively small when compared with the likes of China and Singapore, South Korea’s fintech industry has witnessed significant growth in the past years with now some 400 fintech companies present in the country. The ecosystem’s rapid development has been

Read More

5 Things South Korea’s Regulator is Doing to Advance Fintech

2019 promises to be an exciting year for fintech in South Korea as the country’s financial regulator pushes for fintech innovation by taking on a series of ambitious initiatives. It is already home to some promising fintech startups and vibrant

Read More

Top 10 Fintechs in South Korea

South Korea’s fintech industry remains small compared to the likes of China or Singapore but the sector is expected to grow significantly in the years to come supported by the government’s commitment to boost development and establish a favorable environment

Read More

Fintech Accelerators and Incubators in Taiwan, Japan and South Korea

In the past years, Asia Pacific has seen strong growth in its fintech ecosystem, rapidly catching up with the US and Europe. In Japan, Tokyo has witnessed the development of a vibrant fintech network and regulators have recently launched fintech-friendly

Read More