Tag "South 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

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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

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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

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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

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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

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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

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Top Wealthtech Startups in East Asia

Fintech companies focused on wealth management continue to gain popularity over traditional advisors. Also referred to as wealthtechs, these companies are tapping into untapped markets within the wealth management industry and focus on customer’s demands for higher returns and transparent

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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

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Top 5 Upcoming Fintech Blockchain Conferences in Korea

From Singapore to Korea, the Republic of Korea continues to make moves at becoming a hub in the digital finance and fintech blockchain space. Thus, it is no wonder that a plethora of Fintech start-ups emerges month after month. It

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Top 10 Fintech Startups in South Korea

Fintech has become a hot topic in South Korea, fueled by the government’s ambition to position the country as a center for tech companies and a commitment of US$230 million to help foster startups, and driven by the financial services

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