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592

Korean Central Bank To Deploy R3’s Blockchain Proof Of Concept

By CryptoCoin News

The Bank of Korea plans to execute the R3 consortium proof-of-concept blockchain technology project. Kim Jung-hyuk, head of the e-finance planning team for the bank’s financial supervisory service, announced the project at the Digital Money 2017 conference, according to EconoTimes. (more…)

Blockchain, Fintech news, Government activities, Korea

February 24, 2017

715

Bank of Korea: FinTech Companies Will Reshape Financial Industry

By CryptoCoins News

Non-financial technology companies with a growing expertise in FinTech (financial technology) will play a bigger role in shaping South Korea’s financial industry, according to the country’s central bank. (more…)

Banks, Blockchain, Fintech news, Government activities, Korea

January 20, 2017

613

This hi-tech wallet is the perfect companion to your smartphone

By Yon Heong Tung for e27

The next few years of innovation will be all about making ordinary devices or tools “smart”. And physical wallets are no exception. (more…)

Fintech news, Korea

December 22, 2016

559

Korean Blockchain Service Platform Receives State-Authorized Certification

By Samburaj Das for CryptocoinsNews

Korean Fintech startup Blocko’s blockchain-as-a-service (BaaS) middleware platform Coinstack has received the state-authorized ‘First Class Gold Software (GS) Certificate’. The recognition that could conceivably see adoption of its blockchain toolkit among public agencies. (more…)

Blockchain, Financial Markets / Trading, Fintech news, Government activities, Korea

December 15, 2016

645

South Korea’s Online Banking System Is Stuck In 1996

By Elaine Ramirez for Forbes

“I can’t f***ing stand this s***. I almost threw my brand new computer across the room,” says Seoulite Jeonghyun Kwon, an avid online shopper, after another failed attempt to buy a sweater.

“[My bank’s] security apps slow my computer to a crawl so I have to uninstall them after every use, and then reinstall them when I want to buy something.” (more…)

About, Analytics, Banks, Government activities, Korea, Security

December 7, 2016

604

South Korea and Indonesia are Considering Fintech Collaboration

By Rebecca Campbell for CryptocoinsNews

Indonesia and South Korea are thinking about joining forces in an attempt to boost the FinTech industry to help the burgeoning sector in both countries, reports The Jakarta Post. (more…)

Cryptocurrencies, Fintech news, Government activities, Indonesia, Korea

December 4, 2016

722

A Major Korean Bank Will Soon Launch a Bitcoin Remittance Service

By Samburaj Das for CryptocoinsNews

Shinhan Bank, one of the largest financial institutions in South Korea will begin a remittance service – backed by bitcoin – between Korea and China, starting next month. (more…)

Blockchain, China, Cryptocurrencies, Fintech news, Korea, Remittances

November 11, 2016

641

Singapore and South Korea Sign Cooperation Agreement in FinTech

By

The Monetary Authority of Singapore (MAS) and the Korean Financial Services Commission (KFSC) today signed a cooperation agreement to foster greater cooperation in FinTech. The signing took place at the sidelines of the FinTech Demo Day organised by the Korean FinTech Centre. (more…)

Fintech news, Government activities, Korea, Singapore

October 25, 2016

Britain and Korea form fintech investment partnership

By Jemima Kelly for Reuters

Britain and South Korea have established a “fintech bridge” intended to make it easier for both countries to invest in the burgeoning financial technology sector, the British Treasury said on Friday. (more…)

Banks, InspirAsia, Korea

July 23, 2016

1598

South Korea: government and venture funds move towards FinTech

GROOVEMAESTRO: The Korean Government has announced “Plans for Boosting Investments” at the 8th Meeting Promoting Trade and Investment chaired by the President Park on July 9th. The plans are developed to encourage investments in sectors such as tourism, venture, and construction where growths can be accelerated.

(more…)

Crowdfunding/investing, Fintech news, InspirAsia, Korea, news

July 13, 2015

1392

Marvelstone and Life.SREDA to Co-Invest in S.Korean and Asian Startups

ASIA Outlook: The MoU between Marvelstone and Life.SREDA will strengthen startup capacities across Asia in the finance and technology sectors (more…)

Hotnews, InspirAsia, Korea

July 3, 2015

1135

Formation 8 raising US$400M late-stage fund for Asia

E27.CO: A special focus of the fund will be Southeast Asia and South Korea, with the US$400M likely being spread across 10 gigantic investments
(more…)

InspirAsia, Korea

June 30, 2015

975

South Korean restaurant discovery app MangoPlate raises US$6.1M

E27.CO: South Korean restaurant discovery app MangoPlate has announced today that it has secured US$6.1 million from venture investment group of Qualcomm Incorporated, Qualcomm Ventures, as well as SoftBank Ventures Korea and YJ Capital, a venture capital firm established by Yahoo!JAPAN. This marks YJ Capital’s first investment in a Korean company. (more…)

Deals, InspirAsia, Korea

June 30, 2015

859

South Korean Team Takes $2 Million Top Prize At DARPA Robotics Challenge

Fastcompany: South Korean Team Takes $2 Million Top Prize At DARPA Robotics Challenge. DARPA wants to inspire the creation of robots capable of disaster recovery. But there’s a long way to go and a lot of work still to do.

(more…)

Fintech news, InspirAsia, Korea, news

June 8, 2015

1280

Path sells to South Korean Internet company Daum Kakao

Mashable: South Korean messaging company Daum Kakao has acquired social networking apps Path and Path Talk for an undisclosed amount. Path announced the deal Thursday evening.  (more…)

Deals, Fintech news, InspirAsia, Korea, news

May 29, 2015

1127

Korean Crowdfunding Platform For Creative Artists Raises $16M Funding

TECHINASIATumblbug, a South Korean crowdfunding platform for the creative arts, announced today it has raised KRW 17 billion (just over US$15.5 million) in series A investment, according to BeSUCCESS. The funding comes from DCM, Strong Ventures, and Naver, the maker of messaging app Line. (more…)

Crowdfunding/investing, Deals, InspirAsia, Korea

May 21, 2015

1403

FinTech Demo Day

Fintech Demo Day is the first event jointly hosted by Marvelstone PartnersLife.SREDA VC and Yozma Group Asia for the selected fintech startups to provide demo for panel of judges and investors in Korea. The purpose of this even is to search for competitive fintech companies in Korea and introduce the hosting VCs to the fintech industry and startups in Korea.  (more…)

Fintech news, InspirAsia, Korea, news

May 13, 2015

1455

Regulator Set to Allow Banks to Fund Fintech Firms

The Korea Bizwire: South Korea’s top financial regulator said Wednesday that it will pave the way for local banks to invest in financial technology firms as part of its efforts to boost the integration of the two industries. According to current financial laws, financial institutions are allowed to buy stakes in or make contributions only to companies in the same business sector. (more…)

Global trends, Government activities, InspirAsia, Korea

May 6, 2015

1054

South Korea’s Central Bank To Develop Biometric Payment Standards

The Paypers: South Korea’s central bank has revealed plans to develop standards for biometric identification that is used to authenticate digital transactions. The Bank of Korea revealed that the Committee on Financial Informatization Promotion (CFIP) will develop the technical standards before the end of H1 2015, and then test such services in H2 with domestic commercial banks. (more…)

InspirAsia, Korea

May 4, 2015

932

Samsung’s Answer To Apple Pay Is Coming In The Second Half Of This Year

Business Insider:  Samsung will release Samsung Pay in the second half of 2015, according to statements made by Samsung Electronics managing director Park Jin-young obtained by Korean news site, WhowiredKorea. (more…)

InspirAsia, Korea, Mobile payments/banking

May 1, 2015

3377

1409

How KakaoTalk’s Billionaire Creator Ignited A Global Messaging War

FORBES: How KakaoTalk’s founder ignited a global messaging war. Kim Beom-Su, the son of a factory worker and a hotel maid, has become a billionaire by building a technological empire. Why is it difficult to grow outside of South Korea?

(more…)

Analytics, Fintech news, Global trends, InspirAsia, Korea, news

March 2, 2015