Industry
Korea eyes ‘fintech’ for growth of industry
Jan. 4, 2015
The South Korean government is gearing up to boost the financial industry, which is a slump, by bolstering the use of information technology in financial services, or “fintech,” according to the government and industry watchers. There are plans to unveil a policy to stimulate the development of financial technologies this month, Financial Services Commission’s chief Shin Je-yoon said Thursday. “The government plans to shift its regulation paradigm since global tech giants such as Alibaba, Google