Korea
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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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
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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
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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
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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
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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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