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Financial Regulator to Pursue Guarantees for All Payments

Financial Regulator to Pursue Guarantees for All Payments

SEOUL, Sept. 9 (Korea Bizwire) – The financial regulator on Monday announced plans to revise related laws to require payment gateway (PG) service providers to maintain sufficient funds to settle all payments. The move follows massive payment delays by two e-commerce platforms — TMON and WeMakePrice — due to a liquidity crisis caused by their [...]

SSG.com Has Highest Per-transaction Settlement Amount Among E-commerce Platforms

SSG.com Has Highest Per-transaction Settlement Amount Among E-commerce Platforms

SEOUL, Aug. 11 (Korea Bizwire) — SSG.com, the online mall arm of South Korean retail giant Shinsegae Group, ranked first in terms of per-transaction settlement amount among South Korea’s major e-commerce platforms, a credit rating firm said Wednesday. NICE Investors Service analyzed the average settlement amount per transaction at major e-commerce platforms for the period [...]