Settings

ⓕ font-size

  • -2
  • -1
  • 0
  • +1
  • +2

Economy

Regulations drive tech firms out of Korea

Stringent regulations have been the biggest roadblock to launching an internet bank for Naver and other notable tech companies here, according to industry sources familiar with the situation. As a result, Naver has now officially announced it will not be interested in offering such a service, adding it will not attend a seminar hosted by the Financial Services Commission (FSC) on the latest regulatory changes for internet banking.

Top 10 Stories

LETTER

Sign up for eNewsletter