All posts tagged "Kakao"
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644Fintech / RegtechFSC Korea Green Lights Kakao Digital Insurance Business
The approval marks the first time that a newcomer to the insurance industry has been given permission to start a digital insurance company.
April 20, 2022 -
483Fintech / RegtechKorea FSS Commences Inspections of Internet-only Banks
The FSS is set to conduct 779 regular or occasional inspections on financial firms throughout this year.
April 7, 2022 -
810FeatureBank of Korea to Advance CBDC Testing to Second Phase
In phase two, BOK will test offline payments, remittances to accounts outside Korea, and the use of its CBDC as payment for NFTs.
January 27, 2022 -
984Fintech / RegtechFSC Korea Reiterates Plans to Regulate Bigtech in Financial Services
The FSC will apply “same rules for same services” to ensure fair competition between bigtech firms and financial institutions.
January 18, 2022 -
416AML / KYC
Korea FSS Orders KakaoBank to Bolster AML Controls
The FSS said KakaoBank's weak monitoring has resulted in the lender's failure to flag suspicious overseas money transfers on several instances.
November 18, 2021 -
352Fintech / Regtech
S. Korea to Tighten Rules for Bigtechs in Financial Services
FSS governor Jeong Eun-bo said regulators will seek to enable fair competition between digital platform providers and financial companies.
October 11, 2021 -
375Enforcement
Korean Tech Giants Told to Comply with Consumer Protection Law
The FSC and FSS have ordered Kakao and Naver to alter or halt the sale of financial products online and register as brokerages by 24 September.
September 15, 2021 -
664Feature
Bank of Korea CBDC Pilot to Kick off This Month
Ground X, Kakaobank, Kakao Pay, Consensys, Samsung and Onther are among the firms that will participate in the pilot. Phase one will be complete by December.
August 9, 2021 -
262Fintech / Regtech
BOK Unveils Firms Seeking to Participate in CBDC Project
Units of SK Group, Naver and Kakao are the three firms competing to work on a CBDC project which will commence next month.
July 15, 2021 -
222Fintech / Regtech
FSC Korea Grants Preliminary Approval to ‘Kakao Insurance’
This first time the FSC has granted approval for digital insurance business to a new entrant that is not already an insurer.
June 11, 2021
