Fintech
Fintech
South Korea doubles gov't fintech innovation fund to $781 million
Dec 26, 2022 (Gmt+09:00)
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Fintech
Jobis&Villains selected as beneficiary of UK venture support program GEP
South Korea's Jobis & Villains Corp., which operates the tax return service "3o3," announced on Thursday that it has been officially registered o...
Dec 09, 2022 (Gmt+09:00)
1 Min read -
Fintech
South Korea to boost fintech fund to 1 trillion won
South Korea's financial authorities have decided to increase the size of the Fintech Innovation Fund from 500 billion won($379 million) to 1 trillion ...
Dec 08, 2022 (Gmt+09:00)
1 Min read -
Mergers & Acquisitions
Kakao Pay seeks to acquire Loca Mobility up for sale by MBK Partners
Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., is seeking to acquire Loca Mobility Corp....
Dec 02, 2022 (Gmt+09:00)
3 Min read -
Fintech
Delay in Apple Pay approval for South Korea sends VAN co. shares tumbling
The news of US mobile device giant Apple launching its Apple Pay service in South Korea this month sent the share prices of companies that assist the...
Dec 02, 2022 (Gmt+09:00)
1 Min read -
Fintech
Kakao to challenge Naver, Apple for offline payment services
South Korea’s largest mobile payment app KakaoPay has bought a stake in the country’s No. 1 electronic payment system provider, according...
Sep 29, 2022 (Gmt+09:00)
2 Min read -
Fintech
Korean fintech sector struggles amid liquidity drought
A three-year-old South Korean fintech company is having trouble raising money through a Series B funding round as investor sentiment on the sector ha...
Sep 20, 2022 (Gmt+09:00)
4 Min read -
Fintech
S.Korea’s top securities firms enjoy high returns on fintech investment
South Korea’s startups raked in a record amount of investment last year, thanks to the number of unicorns reaching an all-time high.This was no...
Apr 08, 2022 (Gmt+09:00)
2 Min read -
Banking & Finance
Korean online banks’ disruptive business model: Woo low-credit borrowers
South Korea’s three major digital banks are stepping up their credit loans to borrowers with low credit ratings, a disruptive business model sh...
Mar 22, 2022 (Gmt+09:00)
3 Min read -
Fintech
Neck-and-neck contest for fintech assoc. chair narrows
For the first time ever, South Korea’s fintech industry association will see meaningful competition in electing its chair this month – re...
Feb 04, 2022 (Gmt+09:00)
2 Min read -
Fintech
Korea's Toss targets SE Asia, Japan with super app
South Korea's mobile financial platform Toss is evolving from a payment service app into a full-fledged financial service provider, or a super app, a...
Feb 03, 2022 (Gmt+09:00)
4 Min read -
Fintech
Toss Bank debuts amid government's tightening of loans
South Korean government’s toughening stance on household loans is having a direct impact on the fast-growing internet banks in the country. The...
Oct 05, 2021 (Gmt+09:00)
4 Min read -
Fintech
SK Group expands foothold in Southeast Asia fintech sector
South Korea’s energy and telecom conglomerate SK Group is aggressively strengthening its foothold in the Southeast Asian fintech business.SK So...
Aug 09, 2021 (Gmt+09:00)
1 Min read -
Fintech
Toss en route to being Korea’s first fintech decacorn; valuation tops $7 bn
South Korea-based mobile financial platform Toss is en route to becoming the country's first fintech decacorn, or a company valued at over $10 billio...
Jun 23, 2021 (Gmt+09:00)
2 Min readlanguage -
Fintech
Naver, techfins poised to spark Korean loan market's Big Bang
South Korea's online giant Naver Corp. is preparing to join a government-initiated fintech platform, on which individual borrowers can directly searc...
Jun 16, 2021 (Gmt+09:00)
3 Min read -
Fintech
KDB bets big on fintech platform Toss ahead of 2023 IPO
The Korea Development Bank (KDB) has decided to invest 80 billion won ($72 million) in the fintech startup Toss via a rights offering. This marks the...
Jun 04, 2021 (Gmt+09:00)
2 Min read -
Fintech
KakaoBank’s skyrocketing valuation fuels debate on financial reform
There have been near-endless debates regarding the “proper valuation” of KakaoBank, South Korea’s largest internet-only bank that h...
May 25, 2021 (Gmt+09:00)
5 Min read -
Fintech
Vietnam government picks Alliex to lead cashless transition
South Korea’s fintech startup Alliex Co. has kicked off a new project in Vietnam to create a common payment platform that would standardize the...
Apr 08, 2021 (Gmt+09:00)
3 Min read -
Fintech
SoftBank-backed Balance Hero raises $10 mn in debt funding from India
South Korean fintech startup Balance Hero has raised around $10 million in debt funding led by the India-based non-banking financial company (NBFC) N...
Mar 31, 2021 (Gmt+09:00)
1 Min read -
Fintech
Korea’s InfoPLUS sees growth potential in Vietnam’s fintech platform
Mirroring the other fast-growing economies in Southeast Asia, Vietnam is rapidly transitioning into a cashless society, with financial transactions b...
Feb 17, 2021 (Gmt+09:00)
2 Min read
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