April 27, 2024
Finance
Korea accelerates drive for fintech industry
[THE INVESTOR] South Korea hosted an event on Dec. 1 to showcase its financial technology which the government views as a key growth engine.
Seven “promising” fintech startups participated in the Demo Day event, the 13th of its kind, at the COEX convention center in Southern Seoul.
The seven firms include Paycoc, the developer of a smart payment system, and BSMIT, which offers a robo-adviser service.
“So far, the government, fintech firms and financial services companies have made joint efforts to nurture the fintech field,” said Kim Hak-kyun, a standing member of the Financial Services Commission, in his congratulatory message.
“The innovation of the financial industry, capitalizing on fintech, is expected to gain speed once internet-only banks and full-fledged robo-adviser services are introduced.”
The government’s Fintech Center plans to hold the next round of its Demo Day on Dec. 8 on the occasion of the launch of the consolidated account information service by local banks, according to the FSC.
The center will also host a similar event in Beijing on Dec. 22 on the sidelines of the K-Global festival to be organized by the Ministry of Science, ICT and Future Planning.
(theinvestor@heraldcopr.com)
Seven “promising” fintech startups participated in the Demo Day event, the 13th of its kind, at the COEX convention center in Southern Seoul.
The seven firms include Paycoc, the developer of a smart payment system, and BSMIT, which offers a robo-adviser service.
“So far, the government, fintech firms and financial services companies have made joint efforts to nurture the fintech field,” said Kim Hak-kyun, a standing member of the Financial Services Commission, in his congratulatory message.
“The innovation of the financial industry, capitalizing on fintech, is expected to gain speed once internet-only banks and full-fledged robo-adviser services are introduced.”
The government’s Fintech Center plans to hold the next round of its Demo Day on Dec. 8 on the occasion of the launch of the consolidated account information service by local banks, according to the FSC.
The center will also host a similar event in Beijing on Dec. 22 on the sidelines of the K-Global festival to be organized by the Ministry of Science, ICT and Future Planning.
(theinvestor@heraldcopr.com)
