News Regulations08 May 2019

Korea:Regulator encourages further FinTech innovation

Korean regulator Financial Services Commission (FSC) plans to develop comprehensive reform measures by June in order to stimulate technological innovation in the financial sector and create an ecosystem where FinTech start-ups are unrestricted to experiment with new ideas, reported The Korea Times citing an announcement made by FSC vice chairman Kim Yong-beom during a meeting with industry executives last Friday.

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