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Fintech
Fintech
Overview
Fintech is a domain that simultaneously demands compliance with financial regulations, IT security, and consumer protection. The Fintech Team at LIN Law Firm provides legal and regulatory solutions tailored to a wide range of fintech business models — including internet-only banks, open banking, simple payment and remittance services, AML/CFT, robo-advisors, and embedded finance. The team analyzes regulatory policies issued by the Financial Services Commission and Financial Supervisory Service to support commercialization strategies leveraging regulatory sandboxes, structures the legal framework for financial data and MyData businesses, and presents function-specific legal risks in a structured manner — from licensing review at the service planning stage through compliance system establishment and product launch support. The team also diagnoses the legal adequacy of electronic financial transactions and payment and remittance systems, and formulates integrated response strategies for regulatory investigations and related disputes.
Key Services

Licensing and registration support by fintech business model (electronic financial business, P2P lending, investment advisory, etc.)

Legal advice on major shareholder qualification screening and corporate governance

Analysis of local financial regulations and global compliance support for fintech companies expanding overseas

Designation application and practical advisory for financial regulatory sandbox (innovative financial services)

MyData (personal credit information management business) licensing and data utilization/security framework establishment

Contract structure design for open banking, Embedded Finance, and BNPL services

Establishment of terms and usage policies for innovative financial products and services such as robo-advisors and P2P

Establishment of AML (anti-money laundering) and CFT (counter-terrorism financing) internal control systems

Advisory on Electronic Financial Transactions Act compliance and IT outsourcing (delegation) management framework

Marketing and advertising risk review for financial products (Financial Consumer Protection Act compliance)

Key Experience

Advisory on MyData license application for Company U

Advisory on big data platform and MyData business for Company D

Advisory on internal controls and anti-money laundering for Company B

Advisory for the Bank of Korea's "CBDC Pilot System Development Consulting"