Tag: South Korea

South Korea-based blockchain company Streami has closed a strategic investment from Digital Currency Group, a New York-based venture capital firm.

South Korea-based Qara, which has built an AI-powered robo-advisor, has reportedly raised $3m in funding, as it looks to release a new global stock trading service for individuals.

South Korea-based True Balance has reportedly collected $28m in its Series D round, as it expects to reach profitability next year.

Blockchain-based decentralized finance (DeFi) protocol RAI Finance has reportedly closed a $1.5m strategic investment.

South Korean payments company CHAI has reportedly scored $60m in its Series B funding round, which will bolster its global expansion efforts.

South Korean FinTech platform WireBarley has secured KRW10bn ($10m) in its Series B investment.

New research suggests that 23% of banks in South Korean banks have problems modifying their anti-money laundering compliance systems, according to a new survey from FICO.

While South Korea has established a strong legal framework to fight money laundering, the country must do more to prevent government officials from laundering the proceeds of corruption.

Lykke, a Switzerland-based cryptocurrency exchange, has received an investment from South Korea’s Hanwha Systems, a technology solution developer.

South Korean peer-to-peer money transfer company Viva Republica is one step closer to becoming the nation’s second FinTech company allowed to operate a platform-based brokerage service.