Fintech news in Korea
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Binance will provide the NFT platform and technology infrastructure while YG will supply the NFT content and gaming assets
Binance has announced the signing of a Memorandum of Understanding to build a strategic partnership with YG Entertainment.
The round was co-led by SoftBank Ventures Asia and Nyca Partners
-with CHAI - 차이
Payments startup CHAI raised US$45 million during a Series B+ funding round that was co-led by SoftBank Ventures Asia and Nyca Partners.
The 6-week programme was run by F10 FinTech Incubator & Accelerator in partnership with Seoul Fintech Lab
-with Fin2B Inc 스몰티켓 - smallticket Spiceware
In the virtual Demo Day held on September 2nd 2021, 17 teams from South Korea have successfully completed F10’s intensive 6-week Fintech Accelerator programme. The 6-week programme was run by
KakaoBank Soars Over 70% in Korean Online Lender’s Debut
KakaoBank Corp., South Korea’s first internet-only lender to go public, surged more than 70% in its trading debut in Seoul to become the country’s largest retail lender by market value.
F10 FinTech Incubator & Accelerator Singapore will provide practical help for South Korean startups to successfully settle in Singapore and Southeast Asian markets
F10 partnered with Seoul Fintech Lab and K accelerator, a fintech support center in Seoul, to expand its incubation programme to South Korea
South Korea’s monetary policy regulator is taking steps to create its own digital coin. Bank of Korea is now looking for a technology provider to develop a test environment for the project.
South Korea’s monetary regulator is taking steps to create its own digital coin as the Bank of Korea is looking for a technology provider.
Korean banks are moving to make rapid inroads into the "digital custody" business or the safekeeping of cryptocurrency by enhancing partnerships with blockchain-powered security players.
Banks rushing to tap into new business of safekeeping digital assets
South Korean lawmaker Kim Byung-wook said he believes the crypto industry is unique and different from traditional finance, and thus requires a separate regulatory framework.
Kim Byung-wook believes South Korea's current legal framework around cryptocurrencies must be modernized for this new asset class.
The interagency crackdown comes as the latest frenzied buying of bitcoin and other cryptocurrencies raises concerns about speculative investments and potential illegal activities, according to the Office for Government Policy Coordination.
South Korea said Monday it plans to crack down on any illegality involving cryptocurrencies,
The Seoul-based bank built the blockchain-based platform in preparation for a role as intermediary should a digital won be launched.
Shinhan Bank has built a pilot blockchain platform in preparation for a possible issuance of a South Korean central bank digital currency.
South Korean Crypto Transactions Command an Average of $7 Billion per Day on Domestic Exchanges
An investigation unveiled a growing fever among crypto traders in South Korea, who actively transact cryptocurrencies every day.
Token-Driven Karaoke Platform Gets a Boost in South Korea as Pandemic Hits Over 2,100 Singing Rooms
In South Korea, the app Somesing, a blockchain-based karaoke platform, already hit the 400,000 users’ milestone.
Fintech company Viva Republica said that it will work with South Korean life insurance firm Samsung Life Insurance to advance its platform for insurance planners.
Fintech company Viva Republica said Tuesday that it will work with South Korean life insurance firm Samsung Life Insurance to advance its platform for insurance planners. Viva Republica, the operator of money transfer app Toss, launched insurance affiliate Toss Insurance in 2018, rolling out non-fac...
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