Tuesday, January 19, 2021
Tags South Korea

Tag: South Korea

South Korean insurance company Kyobo Life tests blockchain

Last week, the South Korean government selected life insurance company, Kyobo Life, to pioneer blockchain technology. Read more: www.crowdfundinsider.com

Samsung Galaxy facial recognition software not ready for payments

Contrary to earlier reports, the new Samsung Galaxy S8 will not let users authenticate payments through facial recognition. Read more: www.finextra.com

LG Electronics to launch mobile payments service in South Korea

South Korea's LG Electronics Inc said on Wednesday it will launch a new mobile payments service in its home country in June. Read more: www.reuters.com

PayPal backs South Korean P2P app maker Viva Republic

Viva Republic has picked up $48m in Series C round led by Goodwater Capital that also saw participation from PayPal Holdings. Read more: www.fintechroundup.com

Ant Financial expands reach with $200m investment in Kakao Pay

Ant Financial continues to expand its reach outside of China with a $200m investment in South Korean mobile giant Kakao’s finance subsidiary Kakao Pay. Read more: www.fintechroundup.com

Bank of Korea: FinTech companies will reshape finance

Non-financial technology companies with a growing expertise in FinTech will play a bigger role in shaping South Korea’s financial industry, says its central bank. Read more: www.cryptocoinsnews.com

South Korea to introduce bitcoin regulations

In South Korea, financial regulators have launched a digital currency task force to focus on regulatory parameters for bitcoin exchanges. Read more: www.cryptocoinsnews.com

Bitcoin exchange Gemini launches in Japan & South Korea

Bitcoin and ether exchange Gemini, founded by the Winklevoss brothers, has opened shop to users in Japan and the Republic of Korea. Read more: www.cryptocoinsnews.com

Viva Republica captures $23.7m to expand its services

South Korean mobile payments firm Viva Republica has landed $23.7m for its Series B funding round. The company is the developer behind peer-to-peer mobile transfer app Toss. Read more: www.fintechroundup.com

South Korea opens special FinTech platform

South Korea is launching an "open platform" to assist financial institutions in developing financial technology. Read more: english.yonhapnews.co.kr

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