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  • Seoul to launch the largest Seoul Fintech Lab on Oct. 29, holding Seoul Finance Week next week

  • Press Releases SMG 595
    • The first Seoul Finance Week will be held from October 28 to 31, including the 9th Seoul International Finance Conference
    • The Seoul Fintech Lab, the largest of its kind in Korea, will be open on Oct. 29, and a total of 70 fintech start-ups will take occupancy
    • During the Seoul International Finance Conference on Oct. 30, experts from six countries will discuss ways to develop the fintech industry
    • Seoul is committed to strengthen the status of Seoul as an international financial city and share its future vision with the world

    SEOUL, SOUTH KOREA, October 25, 2019 — The Seoul Metropolitan Government said it plans to hold the first Seoul Finance Week in the Yeouido area for four days from October 28 to 31. It will also host various events under the theme of fintech which will lead the finance industry into the future. The main theme of the week is “FINTECH RISE.” Including IP (Intellectual property) Competition and Investment Briefing (IR), numerous events are prepared in order to examine the current trends of the global fintech industry and formulate responses to the trends, and to support investment opportunity and network-building for innovative fintech enterprises.

    On October 28, the first day of the 2019 Seoul Finance Week, “Fintech Company IP Competition” will be held in Seoul Fintech Lab to offer support for promising fintech companies. Among the 10 candidate companies selected through document screening, the final five will be chosen through the evaluation on the spot and receive the “Mayor of Seoul Award” and the “Commissioner of the Korean Intellectual Property Office Award,” as well as a patent voucher worth KRW 30 million. (USD 25,600)

    On October 29, the second day, the “Opening Ceremony of Seoul Fintech Lab” and “Investment Briefing (IR)” will be held in Seoul Fintech Lab. A total of 70 fintech start-ups will take occupancy of this largest fintech lab in Korea up to two years and be provided with various support programs. The opening ceremony will take place in Seoul Fintech Lab (in Yeouido) with over 100 attendees including Seoul Mayor Park Won-Soon.

    On October 30, “The 9th Seoul International Finance Conference 2019” is scheduled to be hosted. Christopher Colbert (Former Managing Director of the Harvard Innovation Labs) will offer a new financial paradigm through his keynote lecture on “No friction!: The Opportunities and Challenges of the New Financial Paradigm.” President Chia Hock Lai of the Singapore FinTech Association, Managing Director Charles Kim of Extol Capital in US, William Barkshire, the Senior Executive Adviser at FNZ Group in UK, and Maria Pennanen, a co-founder of Accelerator Frankfurt in Germany, and other participants from all around the globe will suggest ideas regarding the current status and the future of the fintech industry.

    On the last day, a network-building event will be held in SIFC in Yeouido. It is designed to share information and build the network between fintech companies and fintech support institutions including the Seoul Metropolitan Government, the Financial Supervisory Service, and other private fintech support organizations.