Singapore's fintech hub is opening a research and development arm in South Korea. The move comes days after it appointed a Korean regulatory expert as an advisor.
Lattice 80 is establishing a toehold in South Korea in order to support fintech startups in the country, the fintech hub's operator Marvelstone Group said in a statement.
Marvelstone signed a memorandum of understanding with the Seoul metropolitan government in September. Last week, Lattice 80 clinched Sang Min Kim, Korea's youngest ruling party senator during the last presidency and a regulatory and fintech expert, as an advisor.
«South Korea has become one of the most important markets in many areas of fintech. KakaoBank and Bithumb are the best recent examples that prove the market opportunity in South Korea. I believe Seoul is the right place to have an R&D arm,» Joe Seunghyun Cho, founding CEO of Lattice 80 and Chairman of Marvelstone Group, said.
