The FSC said it held an event titled “Fintech, a Place for Connection” on Tuesday, chaired by FSC Chairman Lee Eok-won.
The gathering brought together fintech firms and aspiring founders, financial companies, investors and policy finance institutions to share examples of successful cooperation.
“Over the past decade, fintech companies have brought innovation to our financial industry,” Lee said. He added that advances in artificial intelligence are not only accelerating change but also “fundamentally reshaping how finance works,” putting the industry at another turning point.
To spur growth, the FSC said it will revamp its support projects and designate regional and youth entrepreneurship, along with AI transformation (AX), as priority areas. It plans to offer incentives such as extra points in selecting recipients, dedicated budget allocations and additional support for companies with strong results.
The FSC also said it will form public-private consultative groups by region, centered on existing local financial infrastructure such as financial firms, local governments and startup support organizations. The goal is to develop fintech models linked to key local industries and to back the launch and growth of differentiated fintech startups.
In addition, the FSC said it will set up a fintech support help desk. It is expected to connect FSC programs, partner searches through financial firms’ fintech labs, funding support from policy finance institutions and startup assistance offered by local governments.
“Innovation often begins by connecting different ideas and people,” Lee said, pledging continued support so financial companies and investors can help sustain fintech firms’ ongoing challenges.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.