Press Releases - Financial Services Commission

Press Releases

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Jun 20, 2023

Government to Provide Active Support to Facilitate Innovative Tech Companies to Raise Funds

The Financial Services Commission announced on June 20 that the government will make all out efforts to facilitate innovative tech companies to raise funds through capital markets. To this end, the government plans to make changes to tech companies special listing rules and facilitate fundraising through MAs (mergers and acquisitions) and venture capital investment. First, in an inter-ministerial collaborative effort, the government plans to go on a series of roadshow in search for deep tech businesses to help cultivate their growth and listing on the stock exchange for about a month starting from June 21. Also, authorities will revamp the special listing system for tech companies and announce the improvement measures in July. Since 2005, the Korea Exchange has been operating various special KOSDAQ listing tracks for technologically innovative businesses or those with growth potential even when they are making no profit or have no sales record. So far, 184 companies made the listing on KOSDAQ through special listing tracks but still there are many startups and SMEs that are unaware of their eligibility or that lack relevant information. Thus, a month-long tech special listing roadshow will provide opportunities for tech companies to get information about the listing procedure and necessary preparatory work. Second, the FSC, the FSS and the KRX will set up a taskforce with relevant government ministries and other research and industry organizations with an aim to draw up measures to improve the rules and operation of special listing tracks for tech companies. The taskforce will look into the problem of having to go through a time-consuming and costly tech evaluation process for tech companies. Despite growing significance of open innovation where a startup company and a mid-sized company can make joint investment, the current regulations are restrictive for promising tech startups to scale up and commercialize their technology due to certain restrictions in the tech
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Nov 29, 2021

FSC to Promote Tech Financing to Support Promising and Innovative SMEs

The FSC announced the tech financing performance of banks for the first half of 2021 and unveiled a plan for making improvements to the current tech financing system to continue to promote lending to innovative SMEs. Background Banks tech financing for innovative SMEs that have high potential for future growth has expanded significantly since it was first introduced in January 2014. At the end of September 2021, the balance of loans extended to businesses for tech financing stood at KRW310.9 trillion, which showed on average an annual increase of more than KRW40 trillion from 2018.Compared to SMEs in other sectors, tech financing recipients have shown better performance in terms of their expandability and profitability. In this regard, the financial authorities and banks have been regularly monitoring delinquency rates and working to ensure stable management of the soundness of tech financing. In addition, tech financing has led innovative changes in the banking sector by facilitating lending based on intellectual property (IP) and movable assets and making tech-based borrowing more accessible to the relatively young companies. Tech Financing Performance The financial authorities announce semi-annual performance of tech financing in the banking sector. In the first half of 2021, the Industrial Bank of Korea and KEB Hana Bank raked high among the large-sized banks while Kyongnam Bank and Busan Bank showed outstanding records among the smaller-sized banks. Aside from tech credit bureaus (TCBs), banks also have their own tech credit evaluation systems. The banks tech assessment capabilities are evaluated by the authorities every six months. Currently, ten banks have their own tech credit evaluation systems and all ten banks were found to have high assessment capabilities. They have been expanding the application of their own tech credit evaluation systems by making improvements to the necessary infrastructures. As a result, the banks own tech credit evaluation in the f
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Sep 08, 2021

FSC Issues 2-YR Extension of Designation on Six ‘Innovative Financial Services’

The FSC decided to issue 2-year extension of designation on the six previously designated innovative financial services at its 16th regular meeting held on September 8. The innovative financial services selected for two more years in the regulatory sandbox program were those that had been designated on October 2, 2019. The 2-year extension period will be between October 2, 2021 and October 1, 2023. The total number of innovative financial services stands at 153 as of today. Overview of Innovative Financial Services 1) The prepaid rewards points based debit card issuance service by Hana Card 2) The gift card transaction service for financial investment through online e-commerce platforms by Korea Investment Securities 3) The individually tailored pension and asset management platform service by Wealth Guide 4) The facial recognition enabled payment service by Shinhan Card 5) The vishing scam and false wire transfer prevention service by Korea Credit Bureau 6) The credit evaluation service using telecommunications bills and e-commerce data history for small merchants by SK Telecom * Please refer to the attached PDF for details.
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Jul 22, 2021

FSC Selects Eight More 'Innovative Financial Services' for Financial Regulatory Sandbox

The FSC decided to designate eight more financial solutions as innovative financial services at its regular meeting held on July 21. This brings the total number of designated services to 153 since the regulatory sandbox program was first launched on April 1, 2019. Overview of Newly Added Innovative Financial Services 1. A real-name identification and verification service using facial recognition technologies which allows consumers to visit bank branches and use financial services without presenting their ID cards (Daegu Bank, expected in Apr. 2022) 2. A real-name identification and verification service using facial recognition technologies for checking customers personal identification in contactless settings, which will allow customers to open up bank accounts even after the banks regular work hours (Busan Bank, expected in Oct. 2021) 3~5. Online-based telemarketing insurance subscription services using mobile devices that reduce the hassle of reading and recording scripts for insurance telemarketers while still guaranteeing supplemental measures for consumer protection (Toss Insurance, DB Insurance and NongHyup Life Insurance, expected in Oct. 2021, Feb. 2022 and Mar. 2022, respectively) 6~7. QR code enabled credit card payment services which require no physical point-of-service (POS) terminal for businesses to process credit card payments which will help improve convenience for consumers while allowing more small-scale businesses to adopt mobile simply payment methods (Seeroo Information and Paycoq, both expected in H1 2022) 8. A non-recourse accounts receivable factoring service which assumes the risk of buyers failure to honor payment obligations in place of the seller, thereby helping firms with new technologies to raise funds and carry out business operations in a more stable manner (Korea Technology Finance Corporation, expected in Jun. 2022) * Please refer to the attached PDF for details.
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May 31, 2021

Tech Financing from Banking Sector Continues to Rise for Innovative SMEs

The FSC announced the tech financing performance of banks for the second half of 2020. Among large-sized banks, the IBK and KEB Hana bank raked high, while Kyongnam and Busan Banks showed outstanding records among small-sized banks. The result of banks tech assessment capability also shows that the total number of banks that have completed setting up their own tech credit evaluation systems and are fully capable of extending loans based on their own tech credit assessment also increased to nine as one more bank joined the rank. Tech financing has become an important channel to raise funds for innovative SMEs that have technological prowess and future growth potential. Since its introduction in January 2014, the outstanding balance of tech financing loans continued to rise to KRW266.9 trillion as of the end of 2020.With active participation from the banking sector, tech financing has become widely in use. More recently, tech financing has moved into intellectual property and movable asset-based lendingas well. The authorities plan to work on making improvements to the tech financing system to continue to provide support for innovative SMEs. To improve consistency and credibility of tech credit evaluation systems between banks and TCBs, the authorities will help establish a standardized tech evaluation model during the second half of this year. The authorities also plan to gradually phase in tech credit evaluation into a comprehensive credit rating model for businesses. * Please refer to the attached PDF for details.
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Apr 20, 2021

Financial Authorities to Hold Online Information Sessions for 'Innovative Financial Service' Providers

The FSC announced that the financial authorities will hold online information sessions on the regulatory sandbox programbetween April and June for forty-two innovative financial service providers that showed interest in attending. The online information session (online.fintech.or.kr) will be held on every Tuesday, Wednesday and Thursday from April 21 until June 2 in order to more actively communicate with businesses and seek solutions to their needs. Officials from the FSC, FSS and Korea Fintech Center will answer questions and provide explanations on the additional benefits granted by the revised Special Act on Support for Financial Innovation which is scheduled to go into effect from July 21. The innovative financial service providers that are not able to join in the April-May sessions and wish to participate in online information sessions scheduled for June-July should apply at online.fintech.or.kr by Thursday, May 20, 2021. In the second half of this year, the authorities plan to hold information sessions for fintech labs operated by financial institutions. * Please refer to the attached PDF for details.
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Apr 14, 2021

Three More 'Innovative Financial Services' Added to Financial Regulatory Sandbox

The FSC designated three additional financial solutions as innovative financial services on April 14, bringing the total number of designated services to 142 since the regulatory sandbox was first launched on April 1, 2019. The FSC also made changes to the supplemental requirements of four previously selected businesses and extended the regulatory exemption period on eleven other services. Overview of Newly Added Innovative Financial Services 1.A blockchain-based digital real estate securities platform which is expected to expand retail investors investment opportunities in small- and medium-sized commercial properties (Lucentblock 6 trust companies, expected in H2 2021) 2.A digital real-name verification service for bank branch visitors which does not require customers to present their physical ID verification cards (Busan Bank, expected in Jun. 2021) 3. A mobile-based contactless bank account opening service using facial recognition technologies that is expected to boost consumer convenience for those who are unfamiliar with using video calls for identity verification purposes (KEB Hana Bank, expected in Sep. 2021) * Please refer to the attached PDF for details.
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Apr 13, 2021

Government Approves Revised Law to Support Innovative Financial Services

The government approved the revision to the Special Act on Support for Financial Innovation during a cabinet meeting held on April 13 to make improvements to the financial regulatory sandbox program and support innovative financial service providers. The revised Act allows innovative financial service providers to file requests for regulatory improvements while extending the period of regulatory exemption for an additional year and six months if the authorities decide to accept the request and make relevant changes to the regulation. Key Revisions (Filing Request for Regulatory Improvement) The innovative financial service providers may file a request for regulatory improvement to the FSC and other relevant authorities three months prior to the expiration of their designation status. (Establishing Specific Procedures for Review Process) Upon receiving a request for a regulatory improvement, the FSC or other relevant authority will introduce the matter to the relevant committee to decide the necessity of regulatory reform and make relevant changes to the regulation. (Extension of Regulatory Exemption Period) Upon the authoritys decision to make relevant changes to the regulation, the regulatory exemption period applied to the innovative financial service will be extended for up to an additional year and six monthsfrom the time of the expiration of their designation status. Schedule The revised Act will take effect from July 21, 2021 after the promulgation on April 20. The FSC will work to ensure a smooth implementation of the revised law. At the same time, the authorities will help to better inform innovative financial service providers about the changed rules taking place. * Please refer to the attached PDF for details.
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Mar 03, 2021

FSC Holds Meeting on Developing Corporate Finance Platform to Support Innovative Businesses

Vice Chairman Doh Kyu-sang held a meeting on corporate finance via teleconference on March 3 and discussed ways to develop a corporate finance platform to more effectively provide financing support to innovative businesses. The meeting also discussed recent trends in corporate finance in both traditional and newly emerging industries and policy issues surrounding corporate finance in a post-COVID-19 era. The following is a summary of Vice Chairman Dohs opening remarks. (Policy on Corporate Finance) The COVID-19 pandemic has caused abrupt changes in global industrial structures. The acceleration of transition toward more digital and contactless economic activities, transformation of manufacturing into services and that of services into platforms have led to increased competition across industries. A green transition toward an eco-friendly and low-carbon economy is also taking place rapidly. These changes in the economic and industrial structures are more likely to place burdens on SMEs and middle market enterprises than they are to large companies. In this regard, there are also concerns about grim consequences in a post-pandemic era of failing to act preemptively now. Therefore, it is necessary to ensure that there are policies in place to help SMEs and middle market enterprises to more effectively respond to the structural changes taking place across industries. (Corporate Finance Platform) These changes also require a fundamental shift in ways corporate finance is handled in the financial industry. The current industrial classification used in the financial industry does not fully take into account rapid changes taking place in industries, technologies, etc. There are also limits and restrictions in the current system in terms of providing sufficient funds for businesses to support their attempts at transforming a business or exploring a new business area as financial institutions may lack sufficient understanding about the most recent industry trends or technolog
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Feb 18, 2021

FSC Designates Two More Financial Solutions as 'Innovative Financial Services'

The FSC added two more financial solutions to the financial regulatory sandbox program on February 18, bringing the total number of innovative financial services to 139 since the sandbox program was launched on April 1, 2019. The FSC also made a decision to extend the designation and regulatory exemption period on five other previously selected innovative financial services. Overview of Newly Added Innovative Financial Services 1. A small-sum deferred payment service that allows consumers to make a payment on the remaining portion of the total charged amount after first using their online reward points based on a pre-determined individual deferred payment limit calculated according to the Alternative Credit Scoring System (Naver Financial, expected in Apr. 2021) 2. An online stock gift card service that allows consumers to purchase stock gift cards on easy-to-access e-commerce platforms and use them for trading in domestic and overseas securities markets (eBest Investment Securities, expected in Aug. 2021) * Please refer to the attachdd PDF for details.
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Feb 08, 2021

FSC to Boost Support for Innovative Firms and Strengthen ESG Standards

The FSC held a financial development review committee meeting on February 4 and announced the direction of key policy areas and initiatives for this year including the government-wide support program to nurture more than one thousand innovative businesses and improving rules to strengthen ESG standards. Key Tasks A. Maintain Financial Support to Overcome COVID-19 (1) Ensure an effective implementation of the KRW175 trillion-plus financial support programs for businesses - Help relieve financial burdens of small merchants especially those hit by social gathering restrictions through a reduction in guarantee fees, etc. - Extend the operation of the working capital support program for suppliers and subcontractors in the key industries for three more monthsand extend the application deadline of the key industry stabilization fund (2) Create an on-site inspection and support team to closely communicate with small merchants and businesses on the ground to help address their needs - Introduce a measure to temporarily allow a deferral of business insolvency proceedings for small merchants undergoing a business closure with no overdue loan payments from February 15 to September 30, 2021 and require no repayment until the maturity date B. Manage Potential Risks Arising from the Pandemic Response (1) Work on long-term management of household debt to prevent it from over-burdening the economy - Prepare household debt management measures in the first quarter to promote lending based on individual borrowers debt service capacities and strengthen management over excessive levels of unsecured lending - Strengthen financing support for young adults and first-time homebuyers (2) Establish a corporate debt management system and pursue a dual-track management according to the different needs of businesses - Develop a database platform that tracks financial exposures of businesses in different industries - Provide adequate liquidity to those experiencing a temporary liquidity shortage t
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Jan 27, 2021

FSC Designates Additional 'Innovative Financial Service' for Regulatory Sandbox

The FSC designated two more innovative financial service providers for its regulatory sandbox program on January 27, bringing the total number of such designation to 137 since launching the financial regulatory sandbox program on April 1, 2019. The newly designated service is a credit card service for underaged family members that allows parents to set the maximum usage limit as well as the places where it can be used (Samsung Card Shinhan Card). The service is expected to boost the convenience in small-sum financial transactions and promote responsible consumption habits among high school and middle school aged students. The service is expected to be available in June this year. * Please refer to the attached PDF for details.
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Dec 22, 2020

FSC Designates 15 More 'Innovative Financial Services' for Regulatory Sandbox

The FSC added fifteen more financial solutions to the financial regulatory sandbox on December 22, bringing the total number of ‘innovative financial services’ to 135 since the launching of the financial regulatory sandbox program on April 1, 2019.OVERVIEW OF NEWLY ADDED ‘INNOVATIVE FINANCIAL SERVICES’1. A mobile food order platform within the existing mobile banking application that offers convenience and low-cost financial services to both registered small merchants and consumers (Shinhan Bank)2. A personal health condition rating service offering discounts to existing health insurance premiums (Grade Health Chain)3~5. Personal authentication and ID verification services using facial recognition technologies (Kakao Bank, Toss Securities, Toss Innovation)6. A contactless real-name verification service based on digital certification system (Coinplug)7. An online-based business insurance subscription service that allows an easier sign-up process (DB Insurance)8. A group insurance service offering coverages for small scale employers with less than five employees (Kyobo Life Insurance)9~11. Mobile gift card services using e-commerce platforms (Hana Life Insurance, Kyobo Life Insurance, etc.)12~14. Monthly housing rent payment services using credit cards (Samsung Card, Woori Card, Hyundai Card)15. A credit card reward points service that helps small merchants save on credit card transaction fees and offers them reward points on credit card sales amount on the next business day following credit card transaction (Shinhan Card)* Please refer to the attached PDF for details.
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Dec 18, 2020

Tech Financing Guildeline to Facilitate Effective Lending Support For Innovative SMEs

The FSC announced the introduction of a new tech financing guideline, which outlines details about the specific target business sectors and relevant procedures of tech financing. The guideline will go into effect from January 2021.BACKGROUNDSince it was first introduced in January 2014, tech financing grew significantly as more banks and tech credit bureaus (TCBs) became interested in offering financing options to innovative SMEs based on their technological prowess and future growth potential. Until now, five tech credit bureaus and ten banks have been providing tech credit evaluation service using their own evaluation models. In order to strengthen the accountability and stability of tech financing and improve its qualitative standards, a guideline on tech financing has been established as follows.KEY DETAILS1) Setting up necessary infrastructure for tech financing- Require TCBs to set up a division specializing in tech financing and specify division members’ professional qualifications- Introduce a standardized TCB evaluation model to enhance consistency and stability- Establish an independent organization charged with inspecting the standard TCB evaluation model2) Providing support to SMEs with technological prowess and innovativeness- SMEs with innovative ideas in manufacturing, knowledge and content industries, tech-based environmental or construction sectors, new and renewable energy sectors, as well as those with proven records of technological prowess through patents, etc.3) Establishing clear procedures on tech financing- Provide specific guidelines on tech financing procedures for SMEs, banks, TCBs and Korea Credit Information Services- Make site inspections mandatory in principle with specific cases for exemption- Require tech credit evaluating institutions to set up internal inspection frameworks to ensure the appropriateness and fairness of their tech credit evaluation4) Recommending a set of professional rules and ethics for banks and TCBs- Promote
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Nov 19, 2020

FSC Designates 5 More ‘Innovative Financial Services’ for Regulatory Sandbox

The FSC added five more financial solutions to the financial regulatory sandbox on November 19, bringing the total number of ‘innovative financial services’ to 120 since launching the financial regulatory sandbox program on April 1, 2019.OVERVIEW OF NEWLY ADDED ‘INNOVATIVE FINANCIAL SERVICES’1.A mobile app-based real name verification service for bank customers who visit bank branch without a government-issued identification (Shinhan Bank, expected launch in September 2021)2.A safe driving reward program, which offers a gift certificate of KRW10,000 to navigation app1 users with a car insurance policy2 when their driving records collected via a driving-tag3 meet safe-driving standards (Carrot Insurance SK Telecom, expected launch in December 2020)3.A point-payment service for an insurance claim that allows customers to purchase products or services at a discount with given points on an online platform (Hanwhalife, expected launch in April 2021)4.A credit card membership solution, which allows merchants to join membership through a mobile app (PayHere, expected launch in July 2021)5.A mobile credit card terminal solution, which uses the app on a smartphone as a card reader instead of a terminal machine (ANB Korea, expected launch in May 2021)* Please refer to the attached PDF for details.
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Nov 06, 2020

Government Selects 247 Innovative Firms for Comprehensive Support

The government announced the selection of 247 business entities as part of the plans to cultivate one thousand innovative firms over the next three years at the National Economic Advisory Council meeting held on November 6. The selected businesses will be eligible to receive comprehensive financial and non-financial support. At the meeting, Chairman Eun Sung-soo spoke about the important role of finance in promoting innovation and preparing for a post-pandemic era.BACKGROUNDThe government introduced the plans to provide targeted support to more than one thousand innovative firms at the 12th Meeting of the Central Economic Response Headquarters on July 30 and has made the first round selection of thirty-two businesses from the newly emerging sectors and materials, parts and equipment industries. Through close coordination between the relevant ministries, the government chose 247 innovative firms for the second round of selection in the areas of high-tech manufacturing and automation, chemical and new materials, energy and ICT. The selected SMEs have a high potential for growth and represent different stages of business development.CHAIRMAN’S REMARKSThe government has prepared a diverse set of policies to bring about an economic recovery and help boost the competitiveness of industries. First, the plans to cultivate more than one thousand innovative enterprises over the next three years are designed to provide comprehensive financial support tailored to the needs of selected enterprises. For highly promising companies, the public sector will also provide assistance in raising investments from the private sector to facilitate their scale-up strategies.Second, the Korean New Deal fund in the amount of KRW20 trillion will be created to help channel market liquidities toward productive sectors. The K-New Deal fund makes it possible for retail investors to share profits from the K-New Deal investment projects, while ensuring a steady supply of venture capital to innovati
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Nov 03, 2020

FSC to Work on COVID-19 Recovery, Cultivating Innovative Firms and Ensuring Market Stability

The FSC held the 28th financial risk assessment meeting via teleconference on November 3, chaired by Secretary General Kim Tae-hyun. During the meeting, officials discussed the progress in implementing the COVID-19 financial support including the small merchant support program and market stabilization measures.(CURRENT ECONOMIC AND MARKET SITUATION) Recent economic indicators suggest that the Korean economy is on a track to recovery. The economy grew 1.9 percent in the third quarter while industrial production, consumption and investment all increased in September. Consumer sentiment and the Business Survey Index rose in October as well. Domestic financial markets have also shown signs of stability. The volume of corporate bond, CP and short-term debt issuances has grown in September while credit spreads have been falling steadily, backed by the government’s efforts of launching the bond market stabilization fund and the SPV aimed at purchasing low-rated corporate bonds and CP. However, there still exist uncertainties surrounding the US presidential election and the scale of economic stimulus measures as well as concerns over a possible second wave of virus outbreaks. Thus, the government will closely monitor risk factors and take preemptive measures when necessary.(PROMOTING INNOVATION THROUGH STRONG FINANCING SUPPORT) Promoting the development of new technologies by innovative businesses is crucial to ensure a further progress in the post-pandemic era. The recently published banking sector technology assessment result for the first half of 2020 shows that the banking sector has been steadily working to improve their own technology capabilities and providing lending support to innovative businesses while serving as a conduit of the government’s emergency financial support programs. In addition, the best practice guidelines on sanctions exemptions for banks, established by the Korea Federation of Banks on October 26, provides more consistency in line with the ru
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Sep 24, 2020

FSC Adds 5 More 'Innovative Financial Services' to Regulatory Sandbox

The FSC added five more 'innovative financial services' to the regulatory sandbox on September 23, bringing the total number of designated services to 115 since the sandbox program was first launched on April 1, 2019.Five credit card companies (Shinhan Card, KEB Hana Card, Woori Card, KB Kookmin Card and Lotte Card) will be granted regulatory exemptions to provide small-sum overseas remittance services for non-residents or foreigners.The service is expected to be launched after March 2021. The government expects that the newly available service will improve consumer access to low-cost overseas money transfer services while promoting competition and innovation in the industry.* Please refer to the attached PDF for details.
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Jul 30, 2020

Government Announces Plans to Provide Targeted Support to 1,000 Innovative Firms

The government announced its plans to designate a thousand innovative firms over the next three years and provide targeted financial support at the 12th Meeting of the Central Economic Response Headquarters held on July 30.BACKGROUNDWith the 4th industrial revolution and a protracted pandemic situation, rapid changes are taking place in different industries, including the rapid development of ‘untact’ services and digital transformation. In order to provide sufficient financial support to facilitate the growth of more innovative businesses, close cooperation is essential between the financial sector and different industries. It is also important to establish a cooperative framework through which sufficient investments from both the public and private sectors are made available to innovative firms.Against this backdrop, the government has drawn up plans to more systematically provide financial support to innovative businesses by promoting close cooperation between the financial sector and enterprises.KEY MEASURESI. SELECT 1,000 INNOVATIVE FIRMS IN DIVERSE INDUSTRIESThe government aims to select one thousand innovative firms throughout different industries, such as the digital and green new deal industries, future car, bio health, system semiconductor, materials, parts and equipment industries, as well as those planning to transform their businesses fit for new industries and those that are reshoring back to the country.So far, 32 innovative firms have been selected with the goal of designating 200 business entities by the end of this year. The government plans to select 200-plus innovative firms in every six-month period until the end of 2022.II. PROVIDE FINANCIAL SUPPORT TO SELECTED FIRMSFor those selected as ‘innovative businesses,’ the government will work to provide financial support even for those with less favorable financial records, based on their innovativeness and technological prowess.Diverse financial support programs will be made available depend
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Jul 23, 2020

FSC Adds 4 More 'Innovative Financial Services' to Regulatory Sandbox

The FSC added four more ‘innovative financial services’ to the regulatory sandbox on July 23, bringing the total number of designated services to 110 since the sandbox program was first launched on April 1, 2019.In order to support digital transformation and promote the government’s new deal initiative, during the second half of this year, the FSC will begin to accept applications on a rolling basis with a particular focus given to new technologies such as big data, AI, digital authentication, payment, data security, etc. Interested firms may apply online throughout the year. OVERVIEW OF NEWLY ADDED ‘INNOVATIVE FINANCIAL SERVICES’1. An intellectual property rights based investment and fund raising mechanism that allows SMEs to raise funds with IP rights through trust companies and recruit investors through a crowdfunding platform (Hana Bank Wadiz, expected launch in January 2021)2. A mobile-based comprehensive retirement pension advising service that analyzes individuals’ multiple pension accounts and offers advises on pension products (Doomoolmori, expected launch in December 2020)3. An online financial investment platform that conveniently allows investors to purchase coupons for purchasing investment products on securities exchange platforms (KB Securities, expected launch in February 2021)4. A data analysis service using homomorphic encryption, which makes possible the coding of personal financial information stored in different financial institutions for analyzing purposes (Korea Credit Bureau, expected launch in august 2020) * Please refer to the attached PDF for details.
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