Seoul Fintech Lab (Director Baek Gwang-woo) announced that it will be recruiting domestic and international startups within the fintech industry established within the past seven years from August 1st to 31st for the second half of 2025. The space will be located within Seoul Fintech Lab, located in WeWork in Yeouido. The initial recruitment will include approximately 19 companies seeking dedicated office space and 10 companies receiving membership-based seating.
Seoul Fintech Lab, established by the Seoul Metropolitan Government in Yeouido, the financial hub of Seoul, is Korea's largest fintech startup support facility. It operates programs such as open innovation, investment attraction, overseas expansion, mentoring, and education to support the growth of startups. To date, it has supported the growth of 394 fintech startups, and as of the first quarter of 2025, it has recorded cumulative sales of approximately KRW 696.9 billion, investment of approximately KRW 463.7 billion, and 4,237 new jobs.
This recruitment has expanded the application scope to include startups possessing AI-based convergence technologies in addition to existing financial services, and the period of residence has been extended from three to four years for general resident companies, and from one to two years for membership companies.
Selection of resident companies is conducted through evaluations by external experts. General resident companies are selected through written evaluations (40%) and face-to-face evaluations (60%), while membership companies are selected through written evaluations only.
Applications can be submitted through the integrated startup support platform " Startup Plus ." Foreign companies can apply separately through the Seoul Fintech Lab website. An online pre-information session for prospective companies will be held from 3:00 PM to 4:00 PM on August 14th.
A Seoul Fintech Lab official stated, “As we have strengthened support for resident companies and expanded opportunities for participation by cutting-edge technology-based fintech startups, we anticipate significant interest and participation from capable companies.”
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