Overview of Fintech Industry in South Korea
5 minutes The fintech industry, a portmanteau of “financial technology,” has become an integral component of the global financial landscape, and South Korea stands at the forefront of this revolution. Defined as the innovative use of technology to deliver financial services, fintech has reshaped how individuals and businesses manage their finances, conduct transactions, and access capital. In this article, we delve into the dynamic ecosystem of fintech in South Korea, exploring its growth trajectory, key players, technological innovations, adoption patterns, challenges, government support, future trends, and successful case studies.
