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IBK to Offer ‘Dotori’ Account Service in Cyworld’s Metaverse Platform

SEOUL, Nov. 19 (Korea Bizwire) – The financial industry is beginning to explore the possibility of businesses in the metaverse space, where digital assets could serve as a new growth engine for the banking sector. Cyworld Z, operator of Cyworld service, announced on Thursday that the state-run Industrial Bank of Korea (IBK) will enter the [...]

SK Communications Keeps Losing Trend in 1Q

SEOUL, May 9 (Korea Bizwire) – SK Communications announced that it recorded 5.6 billion won of business loss and 7.4 billion won of net loss, with 23.8 billion won of total sales revenue in the first quarter. While it keeps incurring losses, its volume of operating loss decreased 46 percent to 5.6 billion won over [...]