Korea's FSC - Updates on Financial Regulatory Sandbox Website and FinTech Information Portal
August 3rd | 2020
Korea’s Financial Services Commission recently announced the opening of its financial regulatory sandbox website and renewal of the fintech information portal, which integrates diverse information dispersed across different institutions to provide a one-stop support service for innovative firms. On the website, fintech businesses and financial companies can access information about (1) the sandbox program, (2) application process, consulting and financing support, (3) B2B cooperation opportunities and (4) past success stories. The website also features a quick check on regulations that allows financial service providers faced with regulatory uncertainties to quickly check the applicability of their services and the relevant statutes.