Tagged: korea

Korea Exchange Launches Korea Startup Market using Blockchain Technology

block-stock-exchanges

The Korea Exchange (KRX) has launched the Korea Startup Market (KSM) a service that provides a marketplace where the shares of early stage companies can be traded in the public market. As part of the launch, the KSM is utilizing the technology of Korean blockchain startup… Read More

Report: Korean Financial Regulators Squelch P2P Lending with Investor Cap

Korea Won Moneyjpg

The Financial Services Commission (FSC) of Korea has clamped down on peer to peer lending.  According to a report in Korea Joongang Daily, the Commission has enacted harsh rules that limit the amount an investor may commit to peer to peer lender in a given… Read More

Singapore Signs Fintech Cooperation Agreement with South Korea

Sopnendu Mohanty

The Korean Financial Services Commission (KFSC) and the Monetary Authority of Singapore (MAS) have signed a “cooperation agreement” to provide a framework to work together on Fintech initiatives.  Acdording to MAS, under the agreement the two agencies will explore potential joint innovation projects on technologies… Read More

Korea Financial Services Commission Launches Fintech Open Platform

Korea Won Moneyjpg

South Korea is claiming a “world’s first” in launching the Fintech Open Platform designed to boost Fintech development in Korea, according to the Financial Services Commission (FSC). The Fintech Open Platform is described as a combination of a website where Fintech firms can download program… Read More

UK Fintech Bridge Launched with Korea as FCA & FSC Sign Cooperation Agreement

Yim Jong-yong

Just because small events like Brexit crop up does not mean the UK is going to slow down its drive for Fintech relevance and dominance. This week the Financial Conduct Authority (FCA) and the Korean Financial Services Commission (FSC) signed a “regulatory cooperation agreement”. This new… Read More

Brief: UK Fintech Firm XNTree Branches Out, Will Open Accelerator in Seoul this September

seoul

British fintech company XNTree, member of the European fintech accelerator Level39, will set up shop in Seoul’s Yeouido financial district, according to Pulse. A celebration of the announcement coincided with the Seoul Global Fintech Demo Day event on 19 June.  XNTree and Maekyung Media Group have partnered to support Korean… Read More

Brief: Singapore Fintech Consortium & Fintech Center of Korea Sign MOU

Singapore Fintech Korea Fintech Signing

The Singapore Fintech Consortium and the Fintech Center of Korea, have signed a memorandum of understanding (MOU) to work more closely in support of emerging technology in the financial sector. The Singapore group posted a brief statement on the arrangement; We are pleased to sign… Read More

Samsung Pay Nears 5M Users in Six Months, Processed $500M+

samsung pay

Just days after Kickstarter Alum & Mobile Wallet Provider LoopPay, Samsung Electronics Co. Ltd., announced that Samsung Pay, the mobile payment service, had reached a global milestone – nearly five million registered users processed over $500 million in its first six months, showing a strong adoption rate… Read More

P2P Lender Dianrong Launches Partnership with Hanwha

Hanwha logo

Hanwha, one of the largest conglomerate companies in South Korea, has launched a partnership with Dianrong a leading peer to peer lender in China. The as of yet named entity will open an office in Singapore later this month. Hanwha is a Chaebol that formed an technology… Read More

Dianrong & Hanwha Signs MOU to Begin Global Expansion

Hanwha Dianrong MOU

Dianrong, a leading Chinese peer-to-peer (P2P) lending platform, and Hanwha S&C announced on earlier this week that that both have signed a Memorandum of Understanding (MOU) which formalizes the intention of a strategic partnership to pursue a FinTech solution business and other businesses related to internet… Read More

Jibo, Inc. Raises $11M in Series A Extension Financing

Jibo 2

Jibo, Inc., the company behind Indiegogo success family robot, Jibo, has closed $11M in a Series A extension round with strategic investors from Taiwan, Japan, Korea and China. Participating investors include: Acer (Taiwan) – Established in 1976, Acer is a hardware + software + services company… Read More

Economic Reform Includes Crowdfunding on the List for Korea

Ahn_Cheol-Soo

Economic reform is a consistent theme here at CrowdfundInsider. Allowing an environment where efficient allocation of resources can prevail is something all economies should target. Korea, which has experienced phenomenal growth in recent years. Usually spoken about along with the other emerging markets which have… Read More