30 K-Fintech Companies Selected Over 3 Years... Authorities Provide Customized Comprehensive Support

Authorities Launch Recruitment for 'K-Fintech 30'

Financial authorities will select 30 leading domestic fintech companies over the next three years starting this year and provide customized comprehensive support. The aim is to invigorate the fintech industry and discover promising fintech companies that will lead future financial innovation.

The Financial Services Commission announced on the 21st that it will begin accepting applications for the selection of ‘K-fintech 30’ starting from the 22nd. The authorities plan to select 10 companies through the first recruitment (~July 12) this year and discover a total of 30 K-fintech companies over three years (2023?2025).

Companies selected for K-fintech 30 will receive various policy fund-linked supports such as policy finance support limits and preferential interest rate conditions. In addition, customized comprehensive support for scale-up will be provided, including preferential treatment for financial company products, expanded opportunities for investment attraction and investor relations (IR) presentations, fintech specialized consulting, and overseas market entry.

Meanwhile, the authorities will also hold a ‘Fintech Demo Day’ event on the 22nd at Front1 in Mapo-gu, Seoul. This event was planned to diversify investment attraction for fintech companies and provide a venue for business model promotion and networking. In particular, nine promising fintech companies will give presentations.

The Financial Services Commission stated, “Reflecting the current status of fintech company support and additional demands and difficulties from the industry, we will continue policy support for the sustainable growth of the fintech industry.”

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