June 4, 2016
Quite rarely we touch upon some countries, and Korea is among them. However, the country deserves special attention as in the coming years, the government is expected to pay closer attention to facilitate the growth of FinTech ecosystem in the country.
As Yim Jong-yong, Chairman of the Financial Services Commission, commented at the Korea Capital Market Conference 2016 in Seoul, With the advent of FinTech and ICT-based firms, once-exclusive financial services are evolving into new types of services.
"As capital markets have large potential in innovation and change, the government will make sure that startups with creative ideas get enough venture capital, he added.
Yim also stated that the government will play a vital role in providing venture capital to FinTech startups. Some particular areas of interest mentioned at the conference by p ...