Tagged: korea

February 26, 2020 @ 8:59 pm By Omar Faridi  |  

The South Korean government reportedly set up a help desk in Singapore in January 2020, in order to support Korean Fintech firms, as they continue to expand their business operations into Southeast Asia. This, according to Korea’s financial regulator, the Financial Services Commission (FSC). The… Read More

October 16, 2019 @ 12:49 pm By Samantha Hurst  |  

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

September 25, 2019 @ 12:01 pm By Samantha Hurst  |  

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

September 23, 2019 @ 3:35 pm By Samantha Hurst  |  

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

July 19, 2019 @ 1:28 pm By Samantha Hurst  |  

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

July 10, 2019 @ 12:59 pm By Samantha Hurst  |  

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

April 17, 2019 @ 2:34 pm By Samantha Hurst  |  

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

December 23, 2018 @ 9:36 pm By Samantha Hurst  |  

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

December 5, 2018 @ 11:57 am By Samantha Hurst  |  

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

August 20, 2018 @ 12:50 pm By Samantha Hurst  |  

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

July 11, 2018 @ 12:15 pm By Samantha Hurst  |  

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

June 18, 2018 @ 1:35 pm By Samantha Hurst  |  

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

May 29, 2018 @ 10:11 am By Samantha Hurst  |  

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

November 20, 2017 @ 10:53 pm By JD Alois  |  

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

July 18, 2017 @ 7:07 am By Jonathan Nieh  |  

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

March 27, 2017 @ 9:27 pm By Samantha Hurst  |  

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

March 9, 2017 @ 12:37 pm By JD Alois  |  

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

December 15, 2016 @ 9:54 am By Erin Hobey  |  

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

November 20, 2016 @ 9:03 am By JD Alois  |  

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

November 3, 2016 @ 11:14 pm By JD Alois  |  

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