Financial technology (fintech) industry players from Indonesia and South Korea are considering cooperating to develop a supportive fintech ecosystem to help boost the relatively young sector in their respective countries. Both countries have very interesting tech adaptation ecosystems making it a great launching platform for FinTech and have great home markets
“Indonesia and Korea need to develop a strong and integrated fintech ecosystem through a collaborative partnership, within the ecosystem and across different ecosystems,” Keunju Lee, secretary-general of Korea Fintech Industry, said on Thursday during the 2016 Korea-Indonesia Fintech Seminar and Business Meetings in Jakarta. Representatives from 10 South Korean fintech companies and a fintech industry association are visiting Jakarta from Wednesday to Friday to talk with their Indonesian counterparts about the latest updates in the Korean fintech industry landscape and to explore potential partnerships with local firms. Among the Korean fintech companies participating in the event are smartphone application developer Paycock, finance security and mobile solution provider Crizen Solution, digital asset trading and money transfer platform provider Korbit and online asset management service provider Fount.