Yonhap Infomax NewsMar 27, 2025
Four consortia apply for South Korea's fourth internet-only bank license, with Korea SOHO Bank emerging as frontrunner; FSC to announce results in June
#YonhapInfomax #InternetOnlyBank #FinancialServicesCommission #KoreaSohoBank #BankingLicense #FinTechInnovation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=55850
Four Consortia Vie for Fourth Internet-Only Bank License, Results Due in June

Four consortia apply for South Korea's fourth internet-only bank license, with Korea SOHO Bank emerging as frontrunner; FSC to announce results in June

Yonhap Infomax
Kevin Karhan Jul 30, 2023

@ph00lt0 @GrapheneOS Eeyupp, and the #CSSF has personnel just to deal with  alone.

Which is kinda remarkable as for a tiny state like #Luxembourg I hope that #PayPal generates enough #tax revenue to offset aditional staff just do handle complaints about them.

Remember: a #BankingLicense is a privilegue, not a #Right in the sense that regulators "#MustIssue" or even "#ShallIssue" them...

At least that's what I can tell without violating NDAs with former employers...