Korea
Top 9 Up and Coming Fintech Startups in South Korea to Watch in 2020
Fintech has been named one of the top priorities for South Korea this year. The government has said it will go all out to nurture the fintech industry in 2020 and has set aside a budget of 19.8 billion won
Read More
Why South Korea’s Robo-Advisors Poised for Growth
Since 2016, South Korea has seen a horde of robo-advisors come on the market. As of June 30, 2019, more than 30 financial institutions had launched robo-advisor offerings, either by teaming up with other companies or by creating their own
Read More
5 Fast Growing FinTechs in South Korea According to IDC
IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s FinTech Fast 101 research refers to fast-growing fintech players
Read More
South Korea Lays Out 24 Key Focus to Scale up Fintech
The FSC announced measures to promote fintech scale-ups on December 4, which includes 24 key tasks in 8 different policy areas. The government has been promoting the fintech industry as part of its innovation-led growth strategy amid digital transformation and
Read More
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