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…)
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…)
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…)
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…)
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…)
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.
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…)
Fintech Demo Day is the first event jointly hosted by Marvelstone Partners, Life.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…)
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…)
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…)