Financial Services Commission to Hold 'Korea Fintech Week 2020' Online

[Asia Economy Reporter Kangwook Cho] The Financial Services Commission announced on the 1st that it has canceled the offline event of 'Korea Fintech Week 2020,' which was scheduled to be held next month at Dongdaemun DDP due to the spread of the novel coronavirus infection (COVID-19), and will operate an online exhibition hall instead.

The FSC held the first global fintech fair, 'Korea Fintech Week,' last year to share fintech trends and provide networking opportunities. Based on last year's achievements, preparations for the 2nd Korea Fintech Week have been underway since January this year, but the FSC explained that the DDP event was inevitably canceled to prevent the spread of COVID-19 and ensure public safety.

However, the FSC plans to convert the event into an online-based fair focusing on digital content from fintech companies and financial institutions to continuously support fintech innovation and scale-up. About 150 booths will be exhibited in the online exhibition hall on the fair's homepage, allowing fintech companies and financial institutions to freely post their self-produced digital content.

In addition, major events such as the idea contest, which were scheduled to be held at 'Korea Fintech Week 2020,' will be individually held by the organizing institutions in the second half of the year.

An FSC official said, "The 2nd fintech fair is scheduled to open in the online exhibition hall on the 'Korea Fintech Week 2020' homepage from the 28th of next month," adding, "We also plan to proceed with preparations for the 3rd Korea Fintech Week, which will be held in the last week of May next year."

This content was produced with the assistance of AI translation services.