Press Release Finance

Hanwha Life to Build a FinTech Ecosystem

July 18, 2016
  • Dreamplus 63, a FinTech incubation center, to open in Seoul
  • Hanwha Life to continue funding a community-building initiative project

Hanwha Life ( has long engaged in corporate social responsibility (CSR) activities for diverse groups such as children and adolescents. In October, the CSR activities will be extended to young entrepreneurs who will be given the opportunity to contribute innovative and disruptive technology solutions to the FinTech ecosystem to be established by Hanwha Life.

Hanwha Life will open Dreamplus 63, a FinTech incubator in Seoul. The decision to open the Hanwha Life FinTech Center is part of the company's efforts to nurture the Creative Economy¹, help alleviate persistent unemployment among youth and form a robust FinTech ecosystem in Korea. Hanwha Life expects the new center to accelerate the adoption of new products and services while increasing the response times by incumbent financial firms to rapidly changing financial landscapes.

Potential candidates for the Hanwha Life FinTech Center will be selected after a thorough review of their applications and their business proposals. Any startups with FinTech-related products or services will be eligible to apply.

The Hanwha Life FinTech Center will offer not only office space and mentoring to startups but also provide a generous and customized suite of support programs to attract investment, expand overseas, perform administrative and marketing activities.

"Through the 'Dreamplus 63' FinTech Center, Hanwha Life will be able to combine its long and extensive financial experience and know-how with the innovations from FinTech startups. This will help young entrepreneurs to develop world-class FinTech startup companies," said Uhm Sung-min, Head of Hanwha Life Innovation Center. He further added, "Hanwha Life will also help nurture the FinTech ecosystem in Korea by providing a wide range of practical and real-world support programs and giving startups access to financial firms, one of the biggest challenges faced by FinTech companies."

¹ Creative Economy
  • the economic vision of the Korean government that seeks to stimulate employment by combining science, technology and IT with the creative ideas of individual Korean citizens.

Hanwha Group

Founded in 1952, Hanwha has grown quickly by anticipating and responding to changing business environments with a balanced business portfolio that includes energy & materials, aerospace, finance and retail & services. Our expertise and synergy in key areas have catapulted us into the seventh-largest business in South Korea and a Fortune Global 500 company. Hanwha continues to grow rapidly as we strive to pursue global leadership in all of our businesses. We are building a robust foundation for sustainable development and a brighter future for everyone.

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