SEOUL, April 14 (Korea Bizwire) — Transactions on mobile games in South Korea reached a record high in the first quarter of this year, data showed Wednesday, amid the pandemic-driven online gaming trend. Mobile game transactions stood at 1.66 trillion won (US$1.48 billion) in the January-March period this year, compared with 1.48 trillion won the [...]
SEOUL, April 9 (Korea Bizwire) — South Korea’s leading portal operator Naver Corp., said Thursday that its financial arm Naver Financial Corp. will now transfer the full value of transactions conducted via its portal to Smartstore sellers the day after delivery, as part of the company’s ‘Quick Transaction’ policy. Smart Store is an online shopping [...]
SEOUL, April 8 (Korea Bizwire) – Transactions on online food delivery apps in South Korea last year soared to over 20 trillion won (US$17.9 billion), data showed Thursday, as stay-at-home practices amid the pandemic propelled demand for online services. Total transactions on food delivery apps, such as Baedal Minjok, stood at 20.1 trillion won last [...]
SEOUL, Feb. 18 (Korea Bizwire) — The mobile game market in South Korea logged sharp growth of over 5 trillion won (US$4.5 billion) last year amid the pandemic, data showed Thursday. Total mobile game transactions in the country were estimated at 5.3 trillion won in 2020, up 24.3 percent from the previous year, according to [...]
New York, Feb. 11 (Korea Bizwire) — Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced it originated more than $1.5 billion in financing, originations and performing and non-performing note purchases in 2020, ranging from $4.9 million to $173 million. The firm closed a [...]
SEOUL, Oct. 19 (Korea Bizwire) — Amid sluggish consumer spending resulting from the outbreak of the COVID-19 pandemic, transactions of secondhand items are growing at a rapid pace. Consumers with thinner wallets are increasingly looking for cheap used items rather than buying new ones, while liquidating the items that they don’t use for cash. According [...]
SEOUL, June 16 (Korea Bizwire) — As the economic slump prolongs due to the outbreak of the coronavirus, an increasing number of people are seeking to generate extra income by selling used items while pursuing practical consumption. According to app analysis firm Wise App, the used item transaction app Danggeun Market saw its number of [...]
SEOUL, April 1 (Korea Bizwire) — South Korea’s Internet banking services continued to grow in 2019, with the number of users and daily transactions climbing to new highs, central bank data showed Wednesday. The number of internet and mobile banking users came to about 159.2 million as of end-2019, up 8.6 percent from a year [...]
SEOUL, Oct. 1 (Korea Bizwire) — The value of daily transactions of mobile banking services in South Korea surpassed the 6 trillion-won (US$5 billion) mark for the first time, central bank data showed Tuesday. The value of daily transactions of mobile banking services stood at 6.04 trillion won in the first half, up 10.8 percent [...]
SEOUL, Sept. 10 (Korea Bizwire) — The number and value of daily banking transactions via the internet climbed to new highs last year, with internet banking accounting for more than half of all bank transactions for the first time in history, central bank data showed Tuesday. The average number of daily transactions processed via the [...]