transactions Archives | Be Korea-savvy
Online Shopping Up 8.8 pct in July amid Eased Virus Curbs

Online Shopping Up 8.8 pct in July amid Eased Virus Curbs

SEOUL, Sept. 1 (Korea Bizwire) — Online shopping in South Korea rose 8.8 percent on-year in July as eased COVID-19 restrictions bolstered demand for travel and leisure services, and online grocery shopping continued to grow, data showed Thursday. The value of online shopping transactions came to 17 trillion won (US$12.6 billion) in July, compared with [...]

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 [...]

Overseas Stock Dealings Dip in H1 on Weak Equity Markets

Overseas Stock Dealings Dip in H1 on Weak Equity Markets

SEOUL, July 18 (Korea Bizwire) — South Koreans’ transactions of foreign stocks fell sharply in the first half of the year from six months earlier on bearish overseas equity markets, with their bond trading edging up, data showed Monday. Local investors’ transactions of overseas shares were valued at US$167.99 billion in the January-June period, down [...]

Crypto Exchanges Collect Exorbitant Commissions Despite Unstable Transactions

Crypto Exchanges Collect Exorbitant Commissions Despite Unstable Transactions

SEOUL, April 5 (Korea Bizwire) — Rising concerns are alluding to cryptocurrency exchanges in South Korea receiving higher commissions than securities firms despite issues in the stability of transactions. Rep. Yoo Gyeong-joon of the People Power Party received reports from the Financial Services Commission and the Financial Supervisory Service that four major cryptocurrency exchanges in [...]

More than 3,000 High-priced Apartment Transactions Under Investigation for Illegalities

More than 3,000 High-priced Apartment Transactions Under Investigation for Illegalities

SEOUL, March 3 (Korea Bizwire) — A large number of high-priced apartment transactions using legally dubious methods have been uncovered. The Ministry of Land, Infrastructure and Transport said Wednesday it had investigated transactions of high-priced apartments with a value of more than 900 million won (US$747,630) made during the period from March 2020 to June [...]