Korea

17 South-Korean Fintech Startups Graduates F10’s Accelerator Programme

In the virtual Demo Day held on September 2nd 2021, 17 teams from South Korea have successfully completed F10’s intensive 6-week Fintech Accelerator programme. The 6-week programme was run by F10 in partnership with Seoul Fintech Lab, which is funded

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Kakao Pay Seeks to Raise US$1.4 Billion in Upcoming IPO

Kakao Pay, a fintech subsidiary of Kakao which is the South Korean firm that runs the KakaoTalk messenger app, announced that it has kicked off its initial public offering (IPO) filing, planning to raise up to 1.632 trillion won (US$1.4

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South Korea Regulators to Expand Open Banking Ecosystem

South Korea’s Financial Services Commission (FSC) has unveiled its work plan for 2021, outlining key areas of focus and policy tasks for the year, including promoting financial innovation by advancing open banking development and adoption, the regulator said on January

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EMQ Expands Cross Border Payments Service to South Korea

EMQ, a Hong Kong-based financial settlement network, announced that it has expanded its operations into the South Korean market, offering cross-border payment capabilities worldwide. “South Korea has one of the most vibrant digital economies in the world with its retail

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Rapyd Expands Payment Capabilities to South Korea

Rapyd, a Fintech-as-a-Service company, has expanded its all-in-one payment capabilities in South Korea, its sixth global market. The expansion of the Rapyd Global Payments Network first took place in Singapore in November 2019, followed by Brazil in March 2020, the

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BMW Korea Launches Blockchain-Based Rewards Programme

BMW Korea announced that it will launch BMW Vantage, a blockchain-based rewards program before rolling it out for a global launch. BMW Vantage provides integrated services across lifestyles such as mobility, travel, culture, education, both online and offline through its

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South Korean Kakao Launches Global Blockchain-as-a-Service for Enterprises

Ground X, the blockchain affiliate of South Korean mobile platform Kakao, has launched its global Blockchain-as-a-Service (BaaS) to empower enterprises and developers to build and operate blockchain services. KAS, short for Klaytn API Service, is the Blockchain-as-a-Service to utilise Klaytn,

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Digital Risks Of Mobile Apps Are On The Rise

Recently, a security firm looked into the apps available on Google Play Store and the App store stated that over 85% of those apps violates at least one security risk. About half of these applications had insecure data storage or

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South Korea’s Rapidly Growing P2P Lending Industry Faces Scrutiny

With a mushrooming delinquency rate and investment fraud allegations, South Korea’s rapidly growing peer-to-peer (P2P) lending industry has come under scrutiny. Over the past couple of years, the delinquency rate, or the percentage of loans that are past due, has

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Korean Messaging Giant Kakao’s Ground X Launches Digital Asset Wallet “Klip”

Ground X, the blockchain affiliate of South Korean Internet giant Kakao and developer of Klaytn, today launched a blockchain-based digital asset wallet service called Klip. Available in KakaoTalk, a mobile messaging application used by more than 90% of the South

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