In October 2015, leading Korean FinTechs, including Finotek, Yello Finance Group and Data Stream Corp. visited the Financial Centre Frankfurt under the leadership of Congressman Kim Jung-Hoon. The delegation made forward looking cooperation agreements while in Frankfurt. In addition, meetings were held with KfW IPEX Bank and other Frankfurt institutions. A FinTech workshop organized by Frankfurt Main Finance brought together representatives from FinTech companies, universities and politics from both Busan and Frankfurt. Both Financial Centres see great potential for future exchange in the area of FinTech.
“We have created a trusting partnership with Korea. From derivatives trade to maritime financing to FinTech, these are all themes in which we closely cooperate. We have been especially successful in bringing together financial institutions, universities and young FinTechs from both sides.” explained Dr. Jochen Biedermann of Frankfurt Main Finance at the end of the visit.