Invest KOREA

According to Yonhap News,

(SEOUL=Yonhap News) Korea Trade-Investment Promotion Agency (KOTRA) holds “Non-face-to-face Business Meeting to attract investment in Fintech” with Seoul Fin-tech Lab, a fintech startup supporting institution funded by the Seoul Metropolitan Government, for five days from June 7.

It is organized to support Korea’s promising fintech enterprises attract foreign investment, with promoting Seoul’s financial investment environment and introducing promising enterprises.

It will be non-face-to-face event, participated by ten global investors interested in asset management, security, authentication, and other fintech areas, and 11 domestic enterprises registered in Seoul Fintech Lab.

The programs will include one-on-one non-face-to-face virtual meeting between foreign investors and Korean startups, and promotion of Korea’s fintech industry to foreign investors.

According to KOTRA, Korea’s fintech industry has grown at fast-pace thanks to relaxation of regulations on the financial field. It has become easier for startups and small fintech enterprises to enter the market since the regulatory sandbox system for the innovative financial sector was implemented in April 2019.

An official from KOTRA said, “There is a growing interest from foreign investors in Korea’s fintech market and promising enterprises,” adding that “we plan to leverage 36 overseas offices specialized in investment attraction to continue to identify potential investors after this event.”

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Source: Yonhap News (June 7, 2021)