The Seoul Metropolitan Government announced it will recruit 40 corporations, including membership corporations, for the 'Seoul Fintech Lab,' the largest fintech startup nurturing organization in the country.
Established in 2018 in Yeouido to support fintech startups, the Seoul Fintech Lab has supported the growth of 368 fintech startups to date. As of the third quarter of last year, it reported cumulative sales of 566.5 billion won, investments of 405.9 billion won, and new employment of 3,787 people.
Selected corporations will receive various benefits, including ▲space usage (up to 3 years for resident corporations and up to 1 year for membership corporations) ▲overseas expansion ▲licensing consulting. This year, to support the global expansion of promising fintech corporations, they plan to introduce support for obtaining overseas financial licenses and expand specialized mentoring.
The recruitment targets are corporations in the domestic and foreign fintech startup sector, which have business areas recognized in the fintech industry by integrating finance or information and communication technology. More than 80% of the business area must correspond to the fintech industry sector. The recruitment period is from the 4th to 5 p.m. on the 7th of next month.
The resident selection will be evaluated in a two-stage process: an initial written assessment and a second face-to-face interview, comprehensively assessing technology, marketability, and growth potential. Contracts for residency and an introductory briefing will take place in April, with actual residency beginning in May.
The Seoul Fintech Lab plans to hold an online preliminary briefing on the 19th for corporations wishing to apply for residency.
Seo Hee-dong, the head of Seoul Fintech Lab, noted, 'We will become a Seoul Fintech Lab in 2025 that supports fintech corporations with tailored services so they can compete in the global market and leap into the world.' He added, 'We look forward to the participation of fintech corporations with innovative ideas.'