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

October 24, 2016 @ 9:08 am By JD Alois  |  

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

August 30, 2016 @ 9:56 am By JD Alois  |  

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

July 24, 2016 @ 7:54 pm By JD Alois  |  

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

July 14, 2016 @ 11:21 am By Erin Hobey  |  

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

June 18, 2016 @ 3:42 pm By JD Alois  |  

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

February 25, 2016 @ 6:49 am By Erin Hobey  |  

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

February 6, 2016 @ 7:21 pm By JD Alois  |  

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

December 31, 2015 @ 11:23 am By JD Alois  |  

The shift from traditional finance to internet finance is a global phenomenon. Just as the print industry has cratered as readers and advertisers have swiftly migrated away from dead trees to digital content products, all forms of finance is moving online. Korea is no different…. Read More

November 27, 2015 @ 1:00 pm By Samantha Hurst  |  

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

August 5, 2015 @ 4:06 pm By Samantha Hurst  |  

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