Korea to Boost Investments in FinTech, Blockchain Startups
We live in an era where not adopting consumer needs in the financial sector may lead to significant losses for the industry. The Korean government has unveiled its plans to support the development and growth of startups in the country. To be more precise, they will support venture capital for Fintech and blockchain startups in Korea going forward. Korea Embraces Financial Innovation. Up until this point, the Korean government and regulators had remained fairly tight-lipped regarding the future of Fintech in their country. Given the growing interest in this industry, it is not a complete....
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Indonesia and South Korea are thinking about joining forces in an attempt to boost the FinTech industry to help the burgeoning sector in both countries, reports The Jakarta Post. Last month South Korea announced that it is going to introduce bitcoin regulations in 2017 as digital currencies continue to grow in the country. According to the report, bitcoin adoption has increased significantly in South Korea, amounting to 1.5 trillion won in transactions. It was recently reported that the South Korean government was pushing ahead with the system expansion of digital currency to promote the....
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Over 180 Fintech startups were analyzed to create this report, most of whom seem to focus on the payment sector in general. Fintech is a booming industry all over the world, and those signs are becoming apparent in India as well. With most of the startups in the region focusing on payments, and over US$1.3bn invested over the past three years, things are looking good. A recent study by Zinnov, a leading management consulting firm, shows the Fintech situation in India is well worth keeping an eye on. The majority of funding has been raised in the past three years, and the industry attracted....