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Fintech news in 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.

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