Fintech Korea

27/09/2024

The success of open banking in Korea is evident from its rapid adoption and usage.

Open banking in South Korea is a clear leader among many of its Asian peers; what lessons can the rest of Asia learn from its success?

12/01/2024

The visa program, called the Workcation Visa, offers an immigration pathway for remote workers, which was previously not available.

https://fintechnews.hk/25882/fintechkorea/south-koreas-new-digital-nomad-visa-scheme-eligibility-criteria-and-requirements/

On January 01, 2024, South Korea officially launched a pilot program for a digital nomad visa scheme, allowing foreigners to stay for up to two years while maintaining a job back home, officials said on December 29, 2023.

20/06/2023

Both entities will form a consortium with SCBX holding a majority stake and 카카오뱅크 Kakaobank holding a stake of at least 20%.

https://fintechnews.sg/75263/thailand/scbx-kakaobank-gears-up-to-apply-for-virtual-bank-license-from-bank-of-thailand/

SCBX announced its readiness to apply for a license to establish a virtual bank with South Korean digital bank KakaoBank.

11/05/2023

Macau Pass payment devices can now also accept the Philippines’ GCash, Malaysia’s Touch ‘n Go eWallet and Thailand’s TrueMoney, and South Korea’s Kakao Pay.
- with Alipay+ AlipayHK Alipay

The Macau Pass has been approved to provide acquiring services to Alipay+, a suite of cross-border payments and marketing solutions.

04/04/2023

Alchemy Pay is now estimated to be valued at U$400 million with the funding from DWF Labs

Alchemy Pay announced that it has secured US$10 million in funding from multi-stage web3 investment firm DWF Labs.

27/03/2023

E9PAY and Shinhan Bank will collaborate to develop a payment system that will allow foreigners residing in Korea to pay overseas merchants

E9Pay announced that it has partnered with South Korea's Shinhan Bank for overseas remittance and payment services.

16/03/2023

South Korea is among the latest countries to join the movement.

As the digital nomad lifestyle becomes increasingly popular, countries around the world are setting up special visa programs for remote workers and digital entrepreneurs, allowing them to legally live and work in the country.

16/02/2023

PPRO is integrating local cards and e-wallet Toss Pay onto its platform to reach millions of South Korean consumers

PPRO has expanded into the South Korean market by integrating local cards and e-wallet Toss Pay onto its platform.

13/02/2023

Marrs will lead the region’s growth and development across Dell Technologies‘ extensive technology portfolio

Dell Technologies has appointed Peter Marrs as President of its Asia Pacific and Japan (APJ) region, effective immediately.

31/01/2023

Korea is one of the most vibrant fintech ecosystem in East Asia, here are its most well funded startups

-with Naverfinancial Qraft Technologies 피플펀드 Peoplefund

Amid South Korea’s burgeoning fintech industry, we look today at some of the country’s most notable private fintech companies, delving in particular into those that have secured the most funding from investors.

26/10/2022

Samsung is launching new finance products in India and South Korea, including credit cards, loans for consumer electronics purchases as well as a new fintech app.

South Korean computers and electronics manufacturer Samsung is ramping up its fintech play, launching new finance products in India and South Korea, including credit cards, loans for consumer electronics purchases, and a new all-encompassing fintech app.

05/10/2022

The country’s judiciary says Bitcoin loans not affected by interest limitation act, as crypto is not ‘money’