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Seoul City Found 'FinTech Lab' in Yeouido, Korea

The Seoul Metropolitan Government announced on Monday that it will create a "pin-tech lab," an organization that supports FinTech companies and start-ups, in Yeouido. This is the second time after Mapo FinTech Lab that opened last year.경마사이트

FinTech Lab allows companies involved to move in for free for up to two years and receive support from the Seoul Metropolitan Government to attract investment. When a company that has more than 100 million won in annual sales and four employees has secured more than 100 million won in investments, it will be qualified to move in through evaluation.

Apart from the FinTech Lab, the Seoul Metropolitan Government plans to establish a financial graduate school in Yeouido next year, which will give an MBA in the financial field. In addition, it is also going to operate special education courses in finTech such as financial big data analysis and artificial intelligence in cooperation with securities companies in Yeouido.

The Seoul Metropolitan Government also decided to rent an office in Yeouido and provide it free of charge for a year. The move is aimed at attracting asset management companies to attract investment. The targets are companies that have plans to hire more than two Koreans.

The Seoul Metropolitan Government's No. 1 FinTech Lab opened in Seoul's Changup Hub in April last year. The Seoul Metropolitan Government has provided 5 billion won to 27 companies that have moved into the area.