Search results for DinoLab
Finance
Top 5 financial groups to supply 1 trillion won in risk capital to boost venture investment
South Korea’s Financial Services Commission and Ministry of SMEs and Startups, together with the country’s five largest financial holding groups, began a shift toward “productive finance” to support ventures and startups. The parties signed an agreement in Seoul to expand private-sector risk capital and strengthen support systems from investment and guarantees to nurturing. The five groups plan to create a private venture fund-of-funds worth 800 billion won by 2029 and provide guarantees and mentoring for early-stage startups.
Finance
Woori Financial to find and support startups outside Seoul
Woori Financial Group said it held launch events from Jan. 21 to 22 for the second DinoLab Busan cohort and the third DinoLab Gyeongnam cohort. The group said it is seeking shared growth with local economies by providing productive financing to innovative firms in Busan and South Gyeongsang. It said DinoLab has backed 219 companies through about 400 billion won in direct and indirect investment and linked more than 60 partnerships.
Finance
Stablecoin integration accelerates with credit card networks; internet banks target remittances
Efforts to link stablecoins with established card networks are picking up pace, with Visa’s annualised stablecoin settlement volume at $4.5 billion and growing monthly. Korean internet banks are active around overseas remittances. Analysts expect the four biggest financial holding groups to post a combined 18.33 trillion won in annual net profit, up 12 percent. Financial firms also announced AI transformation programmes, fintech partnerships, listings and governance reforms, alongside legal changes for tokenised securities.
