Korea Fintech Week 2024: VR Real Estate and Face Payment Tech

Seoul, South Korea—South Korea's annual fintech exhibition, Korea Fintech Week 2024, commenced on Tuesday at Seoul's Dongdaemun Design Plaza. 

It showcases advanced financial technologies from leading companies.

Naver Pay, a subsidiary of Naver Corp (035420. KS), unveiled its virtual reality service for real estate, allowing users to tour apartment properties remotely. 

Based on Naver Labs' ALIKE digital twin solution, the technology offers detailed virtual inspections of properties.

Toss, operated by Viva Republica, presented facial recognition technology for ticketing services. 

The company recently partnered with Interpark Triple and Hybe to combat ticket scalping.

Financial Services Commission Chairman Kim Byeong-hwan and Lithuanian Finance Minister Gintarė Skaistė attended the event and viewed demonstrations at company booths.

The exhibition, which runs until August 29, features 109 companies and institutions across 85 booths, marking its largest scale to date.