Tagged: south korea

Swiss Greater Zurich Area AG Signs MOU with Fintech Center of South Korea during Demo Day

The FinTech Center of South Korea, chaired by Yushin Jung, held its 20th FinTech Demo Day. In the day’s event, relevant personnel from the Financial Services Commission, Financial Supervisory Services and relevant organizations as well as overseas FinTech support organizations, VCs and Accelerators participated to… Read More

Singapore-Korea Fintech Collaboration: Marvelstone Group & Seoul Metropolitan Sign MOU

  Marvelstone Group, the creators of LATTICE80 in Singapore, has signed a memorandum of understanding (MOU) with the Seoul Metropolitan Government to partner on Fintech. Earlier today, a signing event took place at LATTICE80 where representatives of Marvelstone Group joined with representatives from South Korea… Read More

Report: South Korea to Punish ICOs as Officials Look to Strengthen Crypto Regulations

A joint task force took place this weekend in South Korea addressing the burgeoning cryptocurrency market. According to a report in BusinessKorea, The Financial Supervisory Commission (FSC), the Korea Fair Trade Commission (KFTC) and the National Tax Service (NTS) came together to review digital currencies,… Read More

China: WeiyangX Fintech Review

China Sets up Centralized Clearing Platform for Online Payments The People’s Bank of China, the country’s central bank, has required all banks and third-party payment institutions to connect to a unified platform by June 30 of 2018 to ensure effective regulation and transaction security. The… Read More

South Korean Fintech Startup Paycock Set to Bring Mobile Payment Service to Russian Financial Market

South Korean fintech startup Paycock has reportedly signed a business MOU with AEB IT, a Russian financial IT corporation, and will now begin to commercialize its mobile payment solution into the Russian financial market. Paycock Check is described as a mobile payment service that does… Read More

Currencycloud Partners with Hyundai For Seamless International Payments in South Korea

Cross-border payment platform Currencycloud announced on Monday it is teaming up with Hyundai Card to enable the launch of South Korea’s first mobile remittance service provided by a credit card company. The service will be established by Currencycloud and Hyundai Motor Group’s credit issuing arm… Read More

Jumpstartfund’s Hyperloop Transportation Technologies Signs Agreement to License Technology in South Korea

Jumpstartfund’s Hyperloop Transportation Technologies, Inc. (HTT) announced on Tuesday it has signed an agreement with South Korea government’s Department of Technological Innovation and Infrastructure, the Korea Institute of Civil Engineering and Building Technology (KICT), as well as with the country’s engineering research school, Hanyang University, to… Read More

South Korean Life Insurance Company Kyobo Life Tests Blockchain

Last week, the South Korean government selected life insurance company, Kyobo Life, to pioneer blockchain technology for the money payments of commercial insurance. This new project aims to create a foundation for promoting the Internet of Things (IoT) infrastructure in South Korea. This government sponsored… Read More

Pi Capital Named Financial Advisor & Placement Agent to Money360 For $250 Million South Korean Financing Vehicle

On Tuesday, Pi Capital announced it was named financial advisor and placement agent to Money360 for its $250 million South Korean financing vehicle, which designed to allow the online lender to employ funding as it provides commercial real estate loans to its U.S. client base. Steve Carlson,… Read More

Money360 Affiliate M360 Advisors Registers Fund with South Korea Financial Supervisory Service

Money360 announced on Monday its commercial real estate fund affiliate, M360 Advisors, successfully registered with the South Korea Financial Supervisory Service (FSS). According to the marketplace lending platform, the FSS registration allows South Korean hedge funds, corporations, pension funds, insurance companies, and other institutional investors to participate… Read More

The Development of Investment Crowdfunding in South Korea

The Amendments to the Financial Investment Services and Capital Markets Act (the Capital Markets Act) passed the South Korean Parliament in July 2015 and went into effect on January 25th, 2016, laying the framework for investment crowdfunding in South Korea. The adoption of investment crowdfunding… Read More

Brief: Korea Fintech Center Signs MOUs With 500 Startups & Silicon Valley Forum

The Korea Fintech Center has signed a memorandum of understanding (MOUs) with two Silicon Valley organizations, 500 Startups and Silicon Valley Forum.  500 Startups is described as a global venture capital company and startup accelerator. It has supported 1,700 startups in over 50 countries. Silicon Valley… Read More

South Korean Woori Bank Partners with Vietnamese M-Service to Advance in Southeast Asian Market

The South Korean commercial bank Woori Bank Co. has partnered with the Vietnam-based mobile banking service provider M-Service, according to Pulse News, aiming to strengthen its presence in the Southeast Asian financial market.  Woori Bank has opened over 200 global financial service outlets, with two offices already in Vietnam, in… Read More

Asia Pacific Research: Dramatic Growth in Alternative Finance is Fueled by Huge China Market

The Asia-Pacific Alternative Finance Benchmarking Report has just been published and it highlights the largest region in the world for disruptive finance. Entitled, “Harnessing Potential”, this is the first report for the region and has been created by a partnership of researchers, including the Cambridge… Read More

Smart Button Can Flip Your Switches (And More) From A Distance: Microbot Push

With the push of a button, a new device allows you to silence that single question and peace of mind on your vacation (or perhaps just another workday): Did I turn off the straightening iron/light/air conditioner/coffee pot? For those who prefer not return home solely to confirm… Read More

“Get Smart, Fund Art”: Tumblbug, South Korean Creative Arts Crowdfunding Platform, Raises KRW 17 Billion in Series A Investment

“Get smart, fund art”: With a playful slogan (translated) and name that reminds this writer of a children’s toy, Tumblbug, a South Korean crowdfunding platform, is taking big steps in its development. The company just announced that it has raised KRW 17 billion (just over US… Read More

SparkLabs & MousQ Angels-Backed NTHING Launches Kickstarter For Internet-Connected Planter

nthing, a promising South Korean IoT startup backed by SparkLabs and MousQ Angels, announced today the launch of its Kickstarter campaign. The purpose of the campaign is to fund the production of its new product, Planty. Planty is an internet-connected planter that simplifies the urban gardening experience through a… Read More

SparkLabs Fourth Batch Graduates Nine Companies

SparkLabs is graduating its fourth batch of companies with a frenzied interest in its demo day. Over 900 people have registered to attend their demo day event. Senior associate at SparkLabs, Sophia Choi stated,”Even with over 30,000 startups in Korea and SparkLabs’ growing reputation in Asia, our… Read More

ieCrowd Partners with South Korea’s YuYu Pharma. Seeks to Expand Disruptive Business Model Combining Entrepreneurship & Power of the Crowd

ieCrowd, a company that seeks to develop innovative solutions for global life and health challenges, has agreed to partner with YuYu Pharma based in South Korea.  YuYu, a publicly traded company, will assist in expanding iCrowd’s access to the Southeast Asian markets.  YuYu is a… Read More

Equity Crowdfunding Coming Soon For South Korean Entrepreneurs?

South Korea has long had an interest in replicating the crowdfunding model. Only 2% of money invested in early-stage South Korean companies comes from angel investors. According to the Xinhua News Service, equity crowdfunding could be legal in South Korea as early as next year. This news… Read More