Nexon founder launches fintech platform company

Park Sae-jin Reporter() | Posted : March 30, 2020, 15:13 | Updated : March 30, 2020, 15:13

[Courtesy of Arques]

SEOUL -- Kim Jung-ju, the founder of South Korea's major game publisher Nexon, has newly launched a fintech platform company that would provide easy-to-use investment and financial transaction services. The new fintech company is a subsidiary of NXC, the holding company of Nexon.

"Our company was newly established as a subsidiary of NXC, the holding company of Nexon, which has continued to invest in various digital assets to launch services and platforms that can give users a better experience," NXC's fintech platform company Arques said in a statement.

Arques said that it plans to approach the asset management market using a new method of adding the element of convenience. "We want to actualize a service which anyone could easily trade," Arques CEO Kim Suing-min said.

"Our goal is to build a trading platform by lowering the huddle of asset management to eliminate unfamiliarity of professional financial terminology and inconvenience induced by trading processes," Arques said.

The fintech company will release an investment service that provides services through a messenger chat-like conversation and elements similar to that of a management simulation game in 2021.

Many South Korean tech companies have ventured into the fintech industry seeking to grab a share using their technological infrastructure and manpower. Kakao, a web service giant, has made a foray into the online-only bank market with Kakao Bank while targeting young tech-savvy users with Kakao Pay, a digital wallet and payment service.

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