President Moon calls for deregulation in financial sector to foster new businesses
- 6 years ago
문재인 대통령, 인터넷전문은행에 IT기업 자본투자해야
In keeping with his promise to cut red tape,... South Korean President Moon Jae-in took a first-hand look today at the country's financial technology, or fintech, industry.
The President tried out the Internet-only banking services that entered the market only a year ago.
He said they need to be given room to grow... and encouraged investment in that sector.
He also noted that while they've brought new competition into the financial industry, regulation has made things difficult for them.
The President urged lawmakers in parliament to work on deregulation too, saying they should support innovative growth in finance and new industries through legislation.
In keeping with his promise to cut red tape,... South Korean President Moon Jae-in took a first-hand look today at the country's financial technology, or fintech, industry.
The President tried out the Internet-only banking services that entered the market only a year ago.
He said they need to be given room to grow... and encouraged investment in that sector.
He also noted that while they've brought new competition into the financial industry, regulation has made things difficult for them.
The President urged lawmakers in parliament to work on deregulation too, saying they should support innovative growth in finance and new industries through legislation.