Fintech Archives | Be Korea-savvy
Further UHNWI Investment to Support FinTech Entrepreneur Zichain’s Growth and Innovation

Further UHNWI Investment to Support FinTech Entrepreneur Zichain’s Growth and Innovation

ZURICH, Switzerland, Mar. 21 (Korea Bizwire) — Zichain, a Switzerland-based digital asset management company, is pleased to announce that it has secured an USD 1.2m investment from a syndicate of UHNW Hong-Kong based investors, supporting further development of its unique cryptocurrency products. The deal was confirmed while the Company was participating at the Goldman Sachs [...]

FSC to Refrain From Restrictive Fintech Policies Following Criticism

FSC to Refrain From Restrictive Fintech Policies Following Criticism

SEOUL, Mar. 20 (Korea Bizwire) — Financial authorities will ease Fintech restrictions following criticism that South Korea has the most restrictive information protection policies in Asia. According to the Financial Services Commission on Monday, an opt-out policy will be introduced in the financial information sector to allow companies to collect data and improve data security for [...]

Olympus Labs Partners with Leading Korean Fintech Company Metaps Plus

Olympus Labs Partners with Leading Korean Fintech Company Metaps Plus

Gibraltar, Jan. 18 (Korea Bizwire) — Olympus Labs is quickly becoming an emerging global leader in the cryptocurrency-based financial product space, and on the heels of a successful token sale, Olympus is partnering with Seoul-based corporation Metaps Plus, a leading Korean fintech company and mobile marketing platform developer. This news comes shortly after the company [...]

‘YOLO’ Tribe Uses Discounts, Coupons and Secondhand Marketplaces

‘YOLO’ Tribe Uses Discounts, Coupons and Secondhand Marketplaces

SEOUL, Oct. 23 (Korea Bizwire) – Members of the ‘YOLO’ tribe, which refers to consumers with a tendency towards impulse buying, are found to be frequent users of coupons, discount deals and secondhand markets, a new report has claimed. According to a report from Innocean Worldwide based on an analysis of big data collected over the [...]

Financial Regulator Vows Flexible Rules to Help Fintech Industry Growth

Financial Regulator Vows Flexible Rules to Help Fintech Industry Growth

SEOUL, Sept. 21 (Korea Bizwire) — The head of the Financial Supervisory Service (FSS) said Thursday the regulator seeks to build an innovation-friendly financial environment to help the growth of the financial technology industry. Choe Heung-sik, governor of the FSS, made the remarks during a conference in Seoul to debate how best the financial industry [...]

Kakao Bank’s Keys to Success

Kakao Bank’s Keys to Success

SEOUL, Aug. 25 (Korea Bizwire) — Only one month after the launch of Kakao Bank, the groundbreaking financial institution still enjoys great popularity, having already attracted some 3 million account holders. Pre-existing banks that had already entered the mobile financial space and K-Bank, the first internet bank in Korea, haven’t been able to draw as [...]

S. Korea to Allow Fintech Firms to Offer Int’l Money Transfer Services

S. Korea to Allow Fintech Firms to Offer Int’l Money Transfer Services

SEOUL, Jul. 12 (Korea Bizwire) — Financial authorities will give permits to fintech firms to provide international money transfer services for small funds, officials said Wednesday, in a move that significantly reduces commission fees on moving money. About 40 fintech firms are expected to launch international money transfer services from Aug. 15, according to officials [...]

Kakao Bank Aims to Lead Online Payment Market: co-CEOs

Kakao Bank Aims to Lead Online Payment Market: co-CEOs

SEOUL, Jul. 5 (Korea Bizwire) — Kakao Bank, South Korea’s second Internet-only bank, aims to eventually lead the online payment market, by taking advantage of its robust mobile ecosystem, the bank’s two co-chief executives said Tuesday. Kakao Bank, led by Kakao Corp., operator of Korea’s dominant messaging app KakaoTalk, is set to officially begin its [...]

Euroloan Sets New Crowdfunding Record for FinTech Companies in Finland

Euroloan Sets New Crowdfunding Record for FinTech Companies in Finland

Helsinki, Finland, Jun. 26 (Korea Bizwire) — Euroloan Group PLC issued new shares on Privanet Group PLC’s crowdfunding platform Around. The statutory maximum limit of EUR 4.995 million for the issue was reached on Thursday, June 8, eight days early. The subscription was at termination at 5,599,031 EUR, i.e. 377% of the minimum target of [...]