Woori opens fin­tech R&D cen­ter in Viet­nam

The Korea Times - - FINANCE - By Jhoo Dong-chan [email protected]­re­atimes.co.kr

Woori Fi­nan­cial Group has opened the Dig­i­tal In­no­va­tion Lab Viet­nam in Hanoi, the firm said Fri­day.

The Dig­i­tal In­no­va­tion Lab Viet­nam is the fi­nan­cial group’s fin­tech cen­ter there sup­port­ing do­mes­tic star­tups’ en­try to the South­east Asian coun­try.

The group said it also held an open­ing cer­e­mony for the fin­tech cen­ter Thurs­day, which was at­tended by Woori of­fi­cials such as Woori Bank CIO Lee Dong-yeon and Korean gov­ern­ment of­fi­cials in­clud­ing Fi­nan­cial Ser­vices Com­mis­sion (FSC) bank­ing and in­sur­ance bu­reau di­rec­tor gen­eral Choi Hoon.

“Woori Fi­nan­cial Group opened the Dig­i­tal In­no­va­tion Lab Viet­nam to strengthen ties be­tween Korean and Viet­namese star­tups,” a Woori Fi­nan­cial Group of­fi­cial said.

“There are a num­ber of star­tups with dif­fer­en­ti­ated tech­nolo­gies and ser­vice knowhow. The fin­tech cen­ter will play a step­ping stone role to sup­port these firms’ en­try to Viet­nam.”

The Fin­tech Cen­ter Korea and its coun­ter­part in Viet­nam jointly held the Fin­tech Demo Day event at the cen­ter af­ter its open­ing cer­e­mony to in­tro­duce Korea and Viet­nam’s fin­tech in­dus­tries and in­vest­ment trends.

Korean and Viet­namese fin­tech firms also set up their ex­hi­bi­tion booths dur­ing the event to in­tro­duce their busi­ness models while at­tract­ing pos­si­ble in­vestors.

Be­fore the event, Fin­tech Cen­ter Korea sin­gled out five do­mes­tic star­tups to get sup­port from Dig­i­tal In­no­va­tion Lab Viet­nam.

As part of the cen­ter’s sup­port, lo­cal startup ac­cel­er­a­tor KIMC Group will of­fer var­i­ous con­sult­ing ser­vices re­gard­ing patents, ac­count­ing and com­pli­ance at Cam­pus-K, a shared workspace lo­cated in Hanoi.

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