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Delivery Workers Pay Heavy Price for Korea’s Quick Commerce Boom

Delivery Workers Pay Heavy Price for Korea’s Quick Commerce Boom

SEOUL, Nov. 18 (Korea Bizwire) – An individual referred to only as Lee, who began his career as a delivery worker three years ago, says the pressure to meet tight deadlines has become nearly unbearable. “We need to complete at least four deliveries per hour to make ends meet,” said Lee, who acknowledged that running red [...]

Naver Q4 Net Profit Soars 129 Pct on Strong Commerce, Fintech Biz

Naver Q4 Net Profit Soars 129 Pct on Strong Commerce, Fintech Biz

SEOUL, Feb. 2 (Korea Bizwire) — South Korean tech giant Naver Corp. said Friday its fourth-quarter net profit jumped 129 percent from a year earlier, largely driven by robust growth of its commerce and fintech businesses. The net profit came to 301.8 billion won (US$226.6 million) in the three months ending in December, compared with [...]

Invisible Payments to Take the Stage as the New Commerce Norm

Invisible Payments to Take the Stage as the New Commerce Norm

AMSTERDAM, the Netherlands, Nov. 8 (Korea Bizwire) — Payvision, a global fintech and omnichannel payments provider, released a new ebook exploring the future of commerce payments. The research looks into how the next generation of payments is reinventing the shopping experience, giving merchants clear insight into key strategic retail trends. The future of payments is instant [...]