Regulatory Alerts2024-08-27 | 829632024 Korea Fintech Week Kicks Off on August 27
The Financial Services Commission launched the 2024 Korea Fintech Week at Dongdaemun Design Plaza in Seoul, featuring 109 businesses and 85 booths under the theme of fintech and AI redefining finance. FSC Chairman Kim Byoung Hwan outlined four key digital finance policy directions, including revising analog-era regulations, strengthening fintech collaboration, launching the Beyond Sandbox initiative, and establishing a global strategy for Korean fintech companies. The event included keynote speeches from international guests such as Lithuania's Finance Minister and IBM's Global Research Leader, who discussed AI's impact on the financial sector and embedded finance.
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