Improve the effectiveness of tests by supporting cost support to Fintech companies and provide consulting to Fintech companies
Companies participating in Test-bed and Fintech companies hoping to participate in Test-bed
Support test costs to Fintech companies in Financial Test-bed : Support costs such as the operation of equipment or human resources required for test (up to 75%, within 100 million won limits)
Support insurance premiums for companies participating in the Test-bed : Support premiums after conformity assessment among companies participating in the Test-bed with liability insurance (up to 50%, within 15 million won limits)
Consulting on the Test-bed system
Fintech Security Support
Support with the cost of security checks and service vulnerability checks (to ensure that financial consumers safely use innovative FinTech services)
Companies participating in financial Test-bed or FinTech companies that apply for Open Banking (SME FinTech companies under the Minor Enterprises Act.)
Contents : Support 75% of security check costs to selected companies by applying for security support projects
Support security check: Support checking security measures based on management/physical/technical parts to can secure a basic security management system.
Support vulnerability check: Support checking protecting sensitive information, forgery of transaction information, client security, server security, and certification for Fintech services.
Support Financial Cloud
Support cost of security checks and service vulnerability checks to ensure that financial consumers have a safe access to innovative Fintech services,
SME Fintech companies under the Minor Enterprises Act.
Financial cloud utilization support: Support costs (up to 75% of the amount incurred when using financial cloud services such as Iaas, PaaS, and Managed)
Support service and data transfer when switching the cloud
Support security consulting service and financial specialized solution development
Support education training: Operation specialized cloud service training courses
Support pre-Fintech Start up
Support commercialization fund, entrepreneurship education, mentoring, etc. (for smooth Startup commercialization of pre-Startups)
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
Support costs of commercialization (up to 100 million won)
personal mentor helps voucher management and advisory services, support entrepreneurship education program support
Offer Private Office: Operation of ‘Fintech Cube’ (specialized training program for Fintech)
Facilitate systematic scale-up of Fintech companies by providing optimized support for each stage of growth
Target: About 25 pre-Startups and Fintech companies with less than 7 years of experience
Growing stage, 16 companies: pre-Startups, initial companies hoping to scale up(within 3 years of experience)
Leaping stage, 9 companies: Startups within 3 to 7 years.
Contents: Company Building and Optimized Support by Growth Phase
For growing stage companies → Training, mentoring, commercialization consulting, support networking
For Leaping stage companies → Inviting investment for scale-up, operating overseas expansion support programs and supporting direct overseas expansion
Support Fintech Job Matching
Establishing a constant support system for recruiting services that links online to offline and infrastructure for job creation
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.
Support Fintech Overseas Expansion
Overseas Expansion Consulting : Providing consulting considering the environment of the target market and industrial characteristics for customized inroads into each country Law, accounting/taxation, patents and marketing through specialized agencies
Researching on overseas expansion: Research market characteristics based on the demand survey of Fintech companies and select some countries and topics
Overseas Expansion Network: Support linkage with domestic and foreign Fintech, finance-related institutions.
Target: Fintech companies that issued a certificate of small businesses (entered the overseas market or hopes to enter overseas market)
Overseas Expansion Consulting : After the first stage of consulting support, the second stage of consulting support will be provided to companies with the ability to specify their overseas expansion Support 70% of consulting costs (1st stage up to 20 million won, 2nd stage up to 25 million won)
Researching on overseas expansion: Overseas Fintech market trends, research on the regulations about Fintech and financial industry,
Overseas Expansion Network: Strengthen networks with domestic and foreign Fintech related institutions, holding overseas demo-day
Korea Fintech Week(Global Fintech Fair)
Hold global Fintech fair to raise public’s concerns about Fintech and to share Fintech trend and network opportunities
Fintech startups, Scale-ups, financial institutions, big-tech, related organizations that wish to participate in online exhibition to promote their services
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
Sessions such as policy and industrial trends, sectional seminars and financial-related showcases
Support annual rental fee for pre-Startups and Fintech companies that want to run in provinces to cluster Fintech companies and build infrastructure
Pre-Startups or Fintech companies that lease office space in the provinces
Support office rental fee up to 2 million won per month
Fintech Specialized Training
Educational programs to strengthen Fintech leaders’ business capabilities who will lead unicorn company and to nurture talent in Fintech industries.
Leaders Academy: Fintech companies and financial companies’ workers
Next Leader Academy: Pre-Startups preparing to start a fintech business and job seekers in the Fintech field
Roadmap and Textbook for Specialized Fintech Courses
Develop textbooks based on the curriculum roadmap, operating an online platform Support internship for small and medium-sized Fintech companies to help enter Fintech field of talented people (up to 25 people)
Fintech business employees, people interested in Fintech, college students who want to enter the field of Fintech and job seekers
Provide training roadmap, related course information about specialized Fintech and training materials
Fintech Mentoring Support
Provide mentoring to support pre-Startups who are having difficulty starting their own businesses and to help startups settle down early and enhance their competitiveness.
Pre-Startups, Fintech business employees
Mentoring and consulting for pre-Startups and Fintech company employees who have difficulties in the Fintech business(payment, remittance, Insuretech, Big Data) and startup work(BM development, law, patent, labor) by matching experts.
Fintech Idea Contest
Hold 'FinTech Idea Contest' to discover innovative ideas in Fintech
Anyone with novel ideas about Fintech
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
Special lectures in each section of Fintech (Fintech activation policy, AI, Bigdata, blockchain, etc.) and networking