Singapore’s Marvelstone Group has inked a memorandum of understanding (MoU) with the Seoul Metropolitan Government to improve bilateral fintech ties.
Under the agreement, the parties have committed to support Seoul-based fintech startups and expand opportunities for foreign investors to invest in these firms.
Go deeper with GlobalData
The agreement will facilitate collaboration in a range of areas such as investment and consultancy, and fund management.
The two parties also committed to launch a fintech hub in Seoul and join as a partner in the city’s fintech incubation centre.
Commenting on the partnership, Seoul Metropolitan Government director of investment promotion said: “I hope that through this MOU we can work together to grow Seoul’s potential in Fintech, while at the same time offering a huge opportunity for Marvelstone’s business, not just in terms of opening more Fintech centres but across all its initiatives in the new digital economy.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
