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Finance

Naver Pay links KODIT firm database to support startup fundraising

Naver Pay will link the corporate database, management diagnosis information and guaranteed-company network held by Korea Credit Guarantee Fund with its Npay Startup investment platform, it said on Wednesday. The platform connects startups and venture firms with securities companies, venture capital firms and other investors. The three organisations also plan to create a KODIT-dedicated section and curated listings on the platform and to hold joint IR events and promotions.

Finance

Finance network separation rules eased, fueling 140 trillion won fintech investment

South Korea\'s financial authorities expanded the scope of eased network separation rules for AI use to secondary financial institutions and electronic financial business operators. The number of firms to be selected rises to as many as 15, and eligibility thresholds are lowered. Selected institutions can use external AI and security SaaS after putting alternative controls in place. Industry expectations are mixed, with some firms cautious. Global fintech investment rose to $103.1 billion in the first half, with focus expected to shift to AI and financial infrastructure.

Finance

Hana Bank, KODIT and Korea Importers Association to support financing for small, mid-sized importers

Hana Bank will work with the Korea Importers Association and the Korea Technology Finance Corp to provide 50 billion won in liquidity to small and mid-sized importing companies. The bank said it signed a financial support agreement on July 20 to back the growth of domestic importers. Hana Bank will make a 700 million won special contribution, and KODIT plans to supply 50 billion won in agreement-backed guarantees.