August 12, 2017 @ 12:31 pm By Xu Gao  |  

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

July 13, 2017 @ 4:42 pm By Samantha Hurst  |  

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

June 26, 2017 @ 3:04 pm By Samantha Hurst  |  

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

June 21, 2017 @ 1:51 pm By Samantha Hurst  |  

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

April 26, 2017 @ 9:32 pm By Cole Lyons  |  

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

April 19, 2017 @ 10:37 am By Samantha Hurst  |  

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

February 13, 2017 @ 2:46 pm By Samantha Hurst  |  

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

November 20, 2016 @ 12:07 pm By Jihoon Yeon  |  

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

November 4, 2016 @ 2:44 pm By Samantha Hurst  |  

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

August 16, 2016 @ 10:20 am By Erin Hobey  |  

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

March 16, 2016 @ 11:03 am By JD Alois  |  

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

November 10, 2015 @ 4:33 am By Midori Yoshimura  |  

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

May 22, 2015 @ 8:30 am By Midori Yoshimura  |  

“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

April 9, 2015 @ 10:41 am By Samantha Hurst  |  

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

December 11, 2014 @ 9:42 am By Samantha Hurst  |  

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

November 13, 2014 @ 9:22 am By JD Alois  |  

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

September 30, 2013 @ 12:34 pm By Charles Luzar  |  

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

May 30, 2013 @ 5:43 am By JD Alois  |  

With the election of new  President Park Geun-hye last February, the South Korean leader has focused on re-invigorating their domestic economy by targeting new business growth and innovation. This cultivation of “risk takers” is capturing the support of the government which views innovators such as Steve… Read More

May 16, 2013 @ 8:51 am By Charles Luzar  |  

CRIEnglish.com reported yesterday that South Korea is looking to legalize equity crowdfunding, seemingly spurred on by the United States’s passage of the JOBS Act. From the article… South Korea planned to legalize the crowd funding system as part of efforts to help venture companies finance… Read More

October 2, 2012 @ 7:41 am By JD Alois  |  

After being turned down by many investors over the last four years, South Korean film producer Choi Yong-bae said it feels strange and exciting that his revenge film about a notorious South Korean president blamed for the massacre of democracy protesters is finally coming to… Read More