Koscom headquarters located in Yeongdeungpo-gu, Seoul. /Courtesy of Koscom

Korea Exchange subsidiary Koscom said on the 19th that it is recruiting corporations to participate in the "financial cloud support project."

The financial cloud support project is part of the Financial Services Commission's "fintech scale-up promotion strategy for accelerating financial innovation," and it is a program that supports fintech corporations in safely developing services using the cloud.

An online (ZOOM) briefing will be held at 2 p.m. today to recruit participating corporations. The recruitment period runs until the 4th of next month.

Koscom plans to recruit more than 60 corporations for this support project. Selected corporations will receive cloud use vouchers of up to 96 million won per year, along with additional benefits such as system migration and security consulting. It will also provide hacking simulation services for interested corporations.

Kim Sung-hwan, executive director of Koscom's digital business division, noted, "The financial cloud support project is a great opportunity for fintech corporations to develop innovative financial services using a stable financial cloud and to reduce annual system expenses. I hope many fintech companies with good ideas participate and receive quality support."