Tagged: korea

Korea Mobile App Payvil Forms New Patnership with Hong Kong’s TNG FinTech Group to Provide Global Payment Services

Emolize Co., Ltd, a Korean cross-border mobile payment platform, announced on Wednesday it has expanded its global payment services through its mobile app, Payvil, to Hong Kong and Thailand in September 2019, with further expansion reaching about 16 countries by the end of 2019. The… Read More

Bithumb Makes Changes to Mobile App to Improve Transaction Convenience

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

Korean cryptocurrency exchange Bithumb announced on Wednesday it has restructured its mobile web and app to allow users to make transactions with more convenient. Bithumb reported that the purpose of the restructuring was to improve transaction accessibility and to strengthen usage convenience, and it now… Read More

Bithumb Global Announces Plans to Launch in India

Bithumb Global, the global platform for Bithumb, a South Korea- based digital asset exchange, has announced its plans of coming to India. Bithumb reported that it will now onboard Indian customers with a sign-up incentive along with the opportunity for Indian exchanges to become a… Read More

MoneyGram Announces New Partnership With Korean Remittance Startup Sentbe

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Friday it has formed a new partnership with Korean remittance startup, Sentbe. MoneyGram reported the collaboration between it and Sentbe aligns with MoneyGram’s goal of providing consumers with an expanded range of digital money transfer options…. Read More

Techstars Announces Korea Expansion to Support Startup Sector

Techstars and Hillstone Partners, a boutique capital consultancy firm specializing in startup business, announced on Wednesday the launch of the Techstars Korea Accelerator in partnership with Hillstone Partners. According to the duo, this new three-month mentorship-driven accelerator program, Techstars’ first in Korea, will source 10… Read More

MetLife Korea Announces Seven Finalists For Insurtech Innovation Challenge “collab 5.0”

MetLife Korea announced on Wednesday the seven finalists selected for its open innovation program, collab 5.0. The program is looking for insurtech companies globally to scale their business with MetLife while solving some of the insurer’s biggest innovation challenges across its Korean business. According to… Read More

Seoul School of Integrated Sciences and Technologies Now Offering MBA Programs Dedicated to Cryptocurrency & Blockchain Technology

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

Seoul School of Integrated Sciences and Technologies, often known as Assist, reportedly announced on Friday it is now offering an MBA program that is dedicated to cryptocurrency and blockchain technology. According to Bitcoin News, the school described this new course as a master’s degree program… Read More

Korean Fintech HonestFund Secures $12 Million Through Series B Investment Round

HonestFund, a Korean fintech startup, announced on Wednesday it secured $12 million through its Series B funding round, which featured investments from Dunamu & Partners, MurexPartners, KB investment, TL Asset Management, Bass Investment, and HB Investment. HonestFund total investment amount is now $21 million. Founded… Read More

Korean Blockchain Project BOScoin Announces MoU With Korea Cashback to Develop Global Travel Platform

On Monday, Korean blockchain project BOScoin announced it has entered into a Memorandum of Understanding (MoU) with Korea Cashback, Inc. The duo has teamed up to create a global travel platform, tentatively named Woti. BOScoin reported it is planning to introduce the distributed-network-based Human Identity… Read More

Frost & Sullivan Announces Partnership With Seoul Fintech Lab to Support Fintech Startups in Korea

Frost & Sullivan announced on Wednesday it has signed a Memorandum of Understanding with the Seoul Metropolitan Government (SMG) to support activities such as commercialization, investment promotion, support for the advancement of Korean fintech startups into the global market. According to Frost & Sullivan, the… Read More

Korean Fintech Viva Republica Secures $40 Million Through Latest Funding Round Led By GIC & Sequoia China

Viva Republica, Korea’s foremost fintech startup and creator of financial services app Toss, announced on Monday it has secured $40 million during its latest funding round, which was led by GIC and Sequoia China, bringing its total amount of funding raised to $116 million. Founded in 2011, Viva Republica stated that Toss “completely… Read More

Pundi X Teams Up With American Chamber of Commerce Korea to Introduce Cryptocurrency Payment Solutions

Pundi X (CURRENCY: NPXS) announced on Tuesday it has established a strategic partnership with the American Chamber of Commerce Korea (AMCHAM) to help introduce and promote Pundi X’s blockchain-based point-of-sales solution to its members, including leading multinationals in Korea. According to Pundi X, under the terms of… Read More

NewStyle-Collinstar Capital to Establish $300 Million Blockchain Fund

NewStyle-Collinstar Capital, a leading company in the Blockchain infrastructure space and cryptocurrency investments, has announced a strategic development plan. Announced in Beijing, Collinstar says it will fuel the development of the Blockchain industry and ecosystem with a series of alliances and investments. Ryan Xu, Chairman… Read More

South Korea Makes it Legal to Transfer Cryptocurrencies Internationally

According to several online sources, a new law in South Korea is set to make it legal for companies to process international transfers using cryptocurrencies like Bitcoin and Ether. Digital Currency Exchanges Can Register with Korean Gov’t The new laws, which are set to go… Read More

Trulioo Expands into Korea with AML/KYC Solution

Trulioo, an on-demand global identity verification company, has expanded coverage to the Republic of Korea with its GlobalGateway platform. GlobalGateway was created to help businesses comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) rules and has evolved to support a diverse range of identity… Read More

PayPal Invests in Korean Payment App Toss

Viva Republica, a Fintech startup that provides a P2P money transfer service called Toss, has received a $48 million investment from PayPal (NASDAQ: PYPL), Goodwater Capital, Bessemer Venture Partners, Altos Ventures and Partech Ventures. Toss had previously raised $29 million in earlier funding. The young company… Read More

Korean Fintech Yello Announces New Name: Call Us DAYLI Financial Group

Yello Financial Group, a Korean fintech company backed by Formation Group, announced a corporate name change to DAYLI Financial Group (“DFG”). In less than two years since founding, the company launched over 30 fintech products and onboarded dozens of marquee clients including AXA, SK Securities,… Read More

Korea Exchange Launches Korea Startup Market using Blockchain Technology

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

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

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

Send this to a friend