SEOUL FINTECH LAB

Seoul Fintech Lab is a fintech startup supporting institution, which is fully funded by the Seoul Metropolitan Government to provide an incubating and accelerating program. We are providing customized supports for the various needs of fintech start-ups and offering office space up to 3 years.

It was established in 2018 and is located at Yeoui-do, Seoul in order to promote global competitiveness of fintech start-ups and to utilize the financial hub of the area. Starting with 14 startup support in 2018, we have continued to grow in size with 100 startup support as of 2021, and we plan to continue to expand.

The Goal

Fintech Hub

To build a fintech hub, connecting Seoul Fintech Lab and various instituiions of a private sector

Global Fintech

To support fintech startups to have global competitiveness through networking with foreign fintech companies

Fintech Network

To implement Korean government's policy of promoting fintech area, achieving innovation in financial industry

History

2021

Jan

MOU with Ahnlab

Feb

MOU with DB Insurance

March

MOU with Seoul Fintech Lab and Korean Banking and Financial Law Association

April

MOU with Hanwha Life
MOU with Yonsei University

May

MOU with F10 Singapore

June

MOU with Findec(Sweden)
MOU with KK Fund(Singapore)

July

MOU with AFIN(ASEAN Financial Innovation Network)

September

서울핀테크랩-서울대학교 벤처경영기업가센터 업무협약 체결

2020

May

MOU with Business School of Sungkyunkwan University (Internship program & academic-industrial partnership)

Jul

MOU with Hyundai Marine & Fire Insurance
MOU with the Seoul Metropolitan Government & Hana Bank

Oct

Expected to expand the capacity to support total 100 fintech startups (expecting to use two more floors in Wework)

Dec

MOU with Danal
MOU with Singapore Fintech Association
MOU with the Seoul Metropolitan Government & KB Financial Group, K-Growth, Hongik University

2019

Jun

MOU with Copenhagen Fintech

Jul

Opening of Seoul Fintech Lab #2 in Yeouido, Seoul (supporting 16 startups)

Oct

MOU with the Korean Intellectual Property Office (opening of a branch office within Seoul Fintech Lab)
MOU with Financial Supervisory Service (opening of a branch office within Seoul Fintech Lab)
Opening of merged Seoul Fintech Lab in Yeouido, Seoul (supporting 70 startups)

Dec

Startups in Seoul Fintech Lab achieved total revenue of KRW 27.6 billion,
total investment attraction of KRW 30.8 billion, and total hiring of 125 persons.

2018

Apr

Opening of Seoul Fintech Lab #1 in Mapo, Seoul (supporting 14 startups)

Current Status (as of December 2019)

Total number of startups

70

Total revenue of startups

KRW 27.6 billion

Total investment attraction of startups

KRW 30.8 billion

Total hiring of startups

125 persons

Total number of R&D projects of startups

103 cases

Global expansion of startups

11 countries by 17 startups