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China still obstructs KakaoPay's MyData business


China still obstructs KakaoPay s MyData business
Posted : 2021-04-05 16:33
Updated : 2021-04-05 17:02
A KakaoPay user makes a payment with his smartphone using a QR code in this file photo. Courtesy of KakaoPay
By Park Jae-hyuk
KakaoPay is still facing difficulties in its attempt to win a MyData license, as the Chinese authorities have yet to respond to a request from the financial authorities here to confirm whether or not the Korean fintech firm s second-largest shareholder, Alipay, is under any sanctions there.
The MyData business is regarded as a future growth engine for most financial firms here as its license enables them to receive their customers credit information from conventional financial firms, so that customers can access all their financial data in one place. ....

Ryu Young Joon , Viva Republica , Financial Services Commission , Hana Financial Group , Hana Bank , Naver Financial , Financial Group , Hana Financial Investment , Ghana Card , Kakao Pay , ரியூ இளம் ஜூன் , விவா குடியரசு , நிதி சேவைகள் தரகு , ஹனா நிதி குழு , ஹனா வங்கி , நிதி குழு , ஹனா நிதி முதலீடு , ஹனா அட்டை , காக்ககோ செலுத்த ,

Naver's data-driven financial business faces setback


Posted : 2021-01-08 15:35
Updated : 2021-01-08 15:37
Naver Financial CEO Choi In-hyuk speaks during a press conference at Naver Partner Square in Seoul in this July 2020 file photo. / Yonhap
By Park Jae-hyuk
Naver s grand plan of connecting its database with financial services is facing a major obstacle as the company s financial unit, Naver Financial, is unlikely to win the appropriate business license, due to an alleged breach of the law by its major shareholder.
The Financial Services Commission (FSC) said Friday Mirae Asset Daewoo, the second-largest shareholder of Naver Financial, was recently referred to the prosecution for an alleged violation of the Foreign Exchange Transactions Act. ....

Soult Ukpyolsi , South Korea , Financial Supervisory Service , Foreign Exchange Transactions , Financial Services Commission , Naver Financial , Naver Partner Square , Friday Mirae Asset Daewoo , Mirae Asset Daewoo , Park Joo Young , Asset Daewoo , தெற்கு கொரியா , நிதி மேற்பார்வை சேவை , வெளிநாட்டு பரிமாற்றம் பரிவர்த்தனைகள் , நிதி சேவைகள் தரகு , வெள்ளி மீரே சொத்து டேவூ , மீரே சொத்து டேவூ , பூங்கா ஜூ இளம் , சொத்து டேவூ ,