핀테크 발전에 따른 무역결제방식의 변화와 법적 논의사항

The way payments are made in trade is also facing a paradigm shift. The development of the fintech industry will change trade payment practices based on the speed of the financial sector. Despite the high interest in the development of fintech technology, no one can be sure what the actual payment will be like. Even though high interest is focused on the development of fintech, no one can be sure what the actual payment will look like. The digitization of trade has been attempted several times so far, but as a result, it is difficult to assume that the trading practices of most trade participants have changed. If the innovative trade payment platform that successfully replaces existing trade payment practices is successfully built and commercialized, the aftermath can be revolutionary. It is expected that the convenience of participants in trade transactions will be greatly improved due to the rapid transaction, and the costs incurred in trade transactions can be reduced. We are now experiencing innovations such as simple payments and convenience brought by such innovations in the field of domestic payments. It can be predicted that the paradigm shift will come “very abruptly” when it comes to trade payments, just as domestic payments practices have changed dramatically. One concern with the trade settlement platform currently being promoted by various organizations is the lack of legal stability in trade settlement. Cross-border transactions require cross-border cooperation, as different legislation across countries will act as a deterrent. In this study, The authors intend to proactively review legal issues that may arise when an innovative trade payment platform is established according to the development of fintech.