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South Korea Commits $16M to Coaching Future Digital Finance Consultants

The Korean monetary companies fee and the Seoul metropolitan authorities have announced plans to take a position $16 million in coaching digital finance specialists for 4 years on Feb. 12. The appliance interval to win the grant is March 4-6.

Particulars of the brand new program

The FSC defined that the demand for specialists in monetary expertise is rising. This system goals to make sure instructional alternatives for the subsequent era of fintech professionals. 

This system goes to begin the second half of 2020 and can run till 2023 within the monetary middle in Yeouido district within the capital, Seoul.  It’s open to workers at monetary firms, founders of fintech firms and different job seekers within the sector. 

There are two curriculums for candidates to select from:  diploma and non-degree packages. The Grasp’s diploma program will recruit 80 college students per yr, whereas the non-degree digital finance skilled coaching program will likely be open to 160 college students with conditional monetary assist. 

The contents of the course are superior theories and hands-on programs for intensive research of digital finance-related fields together with huge knowledge, cloud, and blockchain. 

South Korea is pushing the fintech sector shifting ahead

Within the latest two years, The Korean Financial Services Commission has made main breakthroughs in fintech laws, together with the Particular Act on Web-only Banks, the Fintech Innovation Assist Act and the Act on Peer-to-Peer Lending. In the identical announcement, the Monetary Providers Fee mentioned that: 

“The regulatory sandbox was launched below the Fintech Innovation Assist Act, and a complete of 77 ‘revolutionary monetary companies’ have been designated as of December 18, 2019 for testing their concepts with regulatory exemptions. The federal government will additional develop the fintech trade in areas akin to open banking and personal knowledge enterprise within the close to future.”


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Thanks !

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