Regulator rejects 2 applications for online banks

In an unexpected turn of events, South Korea’s financial regulator on Sunday rejected applications by two consortia to set up the nation’s third and fourth Internet-only banks. One consortium is backed by financial technology firm Viva Republica and the other is led by brokerage Kiwoom Securities. The Financial Services Commission said it accepted a recommendation […]

28 May , 2019Comments Off on Regulator rejects 2 applications for online banksRead More