Support Financial Test-bed Participation

Outline

Improve the effectiveness of tests by supporting cost support to Fintech companies and provide consulting to Fintech companies

Target

Companies participating in Test-bed and Fintech companies hoping to participate in Test-bed

Contents

• 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

Outline

Support with the cost of security checks and service vulnerability checks (to ensure that financial consumers safely use innovative FinTech services)

Target

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

Outline

Support cost of security checks and service vulnerability checks to ensure that financial consumers have a safe access to innovative Fintech services,

Target

SME Fintech companies under the Minor Enterprises Act.

Contents

• 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

Outline

Support commercialization fund, entrepreneurship education, mentoring, etc.
(for smooth Startup commercialization of pre-Startups)

Target

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

• 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)

Outline

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

Outline

Establishing a constant support system for recruiting services that links online to offline and infrastructure for job creation

Target

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

Outline

• 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)

Contents

• 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)

Outline

Hold global Fintech fair to raise public’s concerns about Fintech and to share Fintech trend and network opportunities

Target

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

Contents

• 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

View

• Korea Fintech Week 2020

  http://www.fintechweek.or.kr/2020

Support Rental Fee for Local Fintech Companies

Outline

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

Target

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

Contents

Support office rental fee up to 2 million won per month

Fintech Specialized Training

Outline

Educational programs to strengthen Fintech leaders’ business capabilities who will lead unicorn company and to nurture talent in Fintech industries.

Target

• 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

Outline

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)

Target

Fintech business employees, people interested in Fintech, college students who want to enter the field of Fintech and job seekers

Contents

Provide training roadmap, related course information about specialized Fintech and training materials

Fintech Mentoring Support

Outline

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.

Target

Pre-Startups, Fintech business employees

Contents

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

Outline

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

Qualification

Anyone with novel ideas about Fintech

Networking Day

Outline

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

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