Financial Test Bed Participation Support

Overview

Provide continuous support programs for Regulatory Sandbox in order to develop Korea's Fintech industry and its ecosystem

Target(s)

Companies who are (or will be) participating in Regulatory Sandbox

Contents(s)

• Provide financial support (or labor/material costs, etc.) by evaluating Testbed Participating companies
• D-Testbed : provide test environment for verifying and developing technology of startups
• Provide consulting about Regulatory Sandbox
• Promote Regulatory Sandbox

Fintech Security Support

Overview

Support the cost of security check and service vulnerability check

Target(s)

SME fintechs (under the Act on Small and Medium enterprises, which are participating in Financial Testbed, Openbanking, and Online P2P)

Contents(s)

• Support 75% of security check costs for selected companies in Security Support Program
• Support security check : Support managemental/physical/technical parts of security for the sake of basic security management system
• Support vulnerability check : Support checks on protecting sensitive information, forgery of transaction information, client/server security, and security certification of Fintech services

Financial Cloud Support

Overview

Provide financial support for cloud services specialized in finance to ensure that financial consumers have a safe access to innovative Fintech services

Target(s)

SME Fintech companies under the Act on Small and Medium Enterprises

Contents(s)

• Support cost for cloud services : Provide credits for cloud services (such as IaaS, PaaS, managed service)
• Support Migration : Support migrations include moving any workload from an on-promises environment, hosting facility, or other public cloud
• Security Consulting Support : Provide security diagnosis checklist and security diagnosis result guide

Pre-Fintech Startup Support

Overview

Support Business-voucher, entrepreneurship education, mentoring, etc. (for smooth Startup commercialization of Pre-Startups)

Target(s)

• A person who has no experience in setting up business or does not have own business
• Those who have experience in closing their businesses can apply only if they plan to start a new business in different industry

Contents(s)

• Support costs of commercialization (up to 100 million won)
• Mentoring service for helping voucher management, Entreprenenuship education program

Private Office Offer : Operation of ‘Fintech Cube’
(Specialized Training Program For Fintech)

Overview

Operate "Front 1" as a space for fintechs to move in and develop their business

Target(s)

About 25 Pre-Startups and Fintech companies with less than 7 years of experience
Startups and pro-entrepreneurs in all fields recognized as fintech (the convergence of finance and IT technology

Contents(s): Support fintech specialized AC (Accelerator)

• Provide education program for practical business
• Operate mentoring program
• Provide opportunity for participating in Demoday and networking
• Support overseas expansion of fintechs
• Support business development and initial stage investment

Fintech Job Matching Support

Overview

Establishing a continuous system for recruiting that links online to offline for job creation

Target(s)

Fintech companies and job seekers in the Fintech sector

Contents: Job matching by linking online to offline, invitational seminar, job fair and linkage of similar business

• Online: ‘Job Matching Platform’ → Providing and managing information about job openings at all times, registering Fintech company information and building database on the Platform, establishing a pool of job seekers with internships and professional training courses
• Offline: 'Job Matching Zone' at the Front1 consulting space → Operating program with live-in professional career consultant(higher than level2), job consulting for job seekers and matching services between job seekers and Fintech companies

Fintech Overseas Expansion Support

Overview

• Overseas Expansion Consulting : Providing consulting considering the environment of target market and industrial characteristics for each country with specialized agencies·Law, Accounting/Taxation, Patents and Marketing
• Conduct overseas market research and topic based on demand of Fintech companies
• Support translation service : Fintech Specialized Translation Zone in "Front 1"

Target(s)

Fintech companies (with a certificate of Small or Venture business) entered overseas market(s) or want to enter the market(s)

Contents(s)

• Overseas Expansion Consulting : When a Fintech company completes the first stage of consulting support, the second stage of consulting support will be provided to the company with the ability to realize its overseas expansion·Support 70% of consulting costs (up to 20 million won for the 1st stage, up to 25 million won for the 2nd stage)
• Overseas Expansion Research : Conduct research on trend of International Fintech market, financial regulation and policy to be prepared for all potential opportunities and challenges in foreign markets
• Overseas Expansion Network: Enhance fintech network by holding global webinar with fintech related organizations, global demoday, etc.
• Support translation service : 6 languages including English, Chinese, Japaness, etc. (10 pages for a month)

Korea Fintech Week

Overview

Hold global Fintech exhibition to raise people's interest about fintech, share fintech trend, and provide network opportunities

Target(s)

Fintech startups, Scale-ups, financial institutions, big-tech, related organizations that wish to participate in the expo promote their services

Contents(s)

• Fintech booths, holding related events, inviting investment opportunities and overseas consulting services, supporting MOU and consulting opportunities
• Programs such as job fairs, mentoring, education and experience programs
• Provide the latest policy and industry trends, seminars, and special sessions

View

• Korea Fintech Week 2021

  http://www.fintechweek.or.kr/2021

Customized Fintech Education Program

Overview

• Enhance the business ability of fintech people and pre-entrepreneurs, and provide education program for job-seekers to become fintech professionals
• Provide short-term training program specialized in fintech to enhance investor's understanding of fintech

Target(s)

• Fintech Leader's Academy : fintech employees and pre-entrepreneurs
• Fintech Next Leader's Academy : job-seekers in fintech (for people who have bachelor's or master's degree)
• Fintech AC/VC Course : investors interested in fintech startups

Fintech Professional Training and Internship

Overview

• Develop fintech specialized teaching materials : 「Hello, Fintech!」 publication and distribution
• Provide professional education through fintech online education platform "FinEDU"
• Pre-internship Course : fintech-specialized education followed by "Fintech Internship"
• Fintech Internship (Subsidy Provided) : subsidize to fintechs, which are recruiting students who have completed the "Pre-internship Course"
• Open and operate university credit-linked fintech specialized course and develop evaluation system

Target(s)

• Undergraduates and job-seekers who want to enter fintech business
• (Business) people interested in fintech business

Content(s)

• Provide education based on fintech specialized training roadmap
• Enhance business competency by developing specialized textbooks for each fintech sectos
• Reduce labor shortage by subsidizing and matching fintech with students who completed "Fintech Professional Training"

Rental Fee Support for Local Fintech Companies

Overview

Support annual rental fee for Pre-Startups and Fintech companies that want to run in provinces to cluster Fintech companies and build infrastructure

Target(s)

Pre-Startups or Fintech companies that lease office space in the provinces

Contents(s)

Support office rental fee up to 2 million won per month

Fintech Mentoring Support

Overview

Provide mentoring service to help pre-entrepreneurs and startups (who are having difficulty starting their own business) settle down their business in early stage and support their steady growth

Target(s)

Startups or anyone who needs mentoring in fintech sector

Content(s)

Provide 1 on 1 mentoring service by matching with experts and pre-entrepreneurs/startups who have difficulties in fintech business (payment, remittance, Insurtech, Big Data, etc.) and starting-up business (BM development, law, patent, attracting investment, etc.)

Fintech Idea Contest

Overview

Hold 'Fintech Idea Contest' to discover innovative ideas in Fintech

Qualification

Anyone with novel ideas about Fintech

Networking Day

Overview

Hold networking event that can share opinions between Fintech companies and Fintech-industry insiders (VC and AC, financial institutions, and related organizations) to boost the Fintech industry

Contents(s)

Special lectures in each section of Fintech (Fintech activation policy, AI, Bigdata, blockchain, etc.) and networking