Main issues surrounding separation of banking and commerce for Internet-only banks 2

2. I see, can you elaborate on how this kind of share ownership structure hinders fintech innovation? Basically, with such a shareholder structure, a limit on voting rights, it's difficult for IT companies themselves to make decisions and develop new products. Take a look at what this expert had to say. "Internet-only banks are created to help individuals, small businesses and to nurture innovation. But under the current banking structure, Korean tech giants need other shareholders' approval to raise capital and invest in new products. In other countries, there's also a separation of commerce and banking, but there are exceptions for Internet-only banks. For instance, Internet-only banks in Japan own 100 percent of their shares, some U.S. tech companies have internet banks as their affiliates."It's not just Japan, the U.S. and Europe. In China, for example, Alibaba, Tencent, Xiaomi, Baidu,....all these big names have their own Internet-only banks to raise capital.Gaming and social media company Tencent's WeBank was China's first online-only bank which launched in 2015. It owns the majority of WeBank's shares...and last year the bank made a net profit of 209 million dollars...and has helped Tencent invest in AI and create new financial investment products and auto financing.So, with this global competition for innovation in big data, IoT, blockchain...where speed is key...you can see why the Korean government and IT companies are pushing for revisit the banking regulations.