Give me Deregulation or Death

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Let us imagine that we go into war wearing handcuffs? How would we feel? Surely, we have a premonition of death. It sound like a foolish dream, but the soundless war in the field of Fintech, which is formed from the words “Financial” and “Technology.”, is already started in the world. According to the statistics of Alibaba, which is the most biggerst company of e-commerce in China, the members of Alipay are more than 800 million(송지유, 2014) and commercial banks lose ground in the financial market. IT companies in the financial market have strong influence on the entire world economy. However, the regulations in Korea prevent the companies from developing Fintech business. It is important to argue about getting rid of regulations because it decides whether the financial field in Korea can survive or not in the world financial market. Those who agree with maintaining regulations insist that, since financial business deals with money, a protection through regulation is necessary.

참고 자료

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