SEOUL, Oct. 3 (Korea Bizwire) – Accumulated peer-to-peer (P2P) loans in South Korea are estimated at over 4 trillion won (US$3.57 billion) as of the end of August, data showed on Wednesday. P2P lending refers to a new type of loan extended to individuals or businesses through social network services and the Internet, covering [...]
SEOUL, July 4 (Korea Bizwire) – 8PERCENT, a P2P (peer-to-peer) lending company, revealed on July 4 that 30-something men who live in metropolitan areas are their primary investors. P2P lending refers to a system where lenders and borrowers make direct monetary exchanges with one another. A P2P lender evaluates the creditability of potential borrowers applying for [...]
SEOUL, Jan. 16 (Korea Bizwire) — The Korean Government is set to launch a 1.4 billion won (US$ 1.3 million) project to delete Korean citizens’ exposed personal information, said the Korea Internet & Security Agency (KISA) on January 14. The project’s goal is to find cases of illegally collected or mishandled personal information among domestic and [...]
Seoul, Korea, August 21 (Korea Bizwire) – According to Copyright Protection Center at Korea Federation of Copyright Organizations, the number of webhards and P2P websites has nearly halved thanks to the webhard registration system in South Korea. Due to the decrease in the number of webhards, hotbeds of the pirates, the number of postings containing [...]