South Korea news and trends

Korean Central Bank Wants Slow Rollout for Stablecoins
Cryptocurrency // June 24, 2025

The Bank of Korea has reportedly called for a gradual introduction of won-pegged stablecoins. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Visa and DealMe Begin Rollout of Cross-Border Installment Payment Solution
Partnerships // January 27, 2025

Visa and DealMe are piloting a cross-border installment payment solution in South Korea and plan to expand it to Vietnam, the United States, Australia, Japan and Singapore. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Alibaba Reportedly Plans $4 Billion eCommerce Venture With Korea’s E-Mart
Partnerships // December 26, 2024

Alibaba is reportedly establishing an online shopping venture with South Korean retailer E-Mart. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Visa and KOTRA to Launch B2B Payment Platform in South Korea
B2B Payments // September 11, 2024

Visa and the Korea Trade-Investment Promotion Agency (KOTRA) have partnered to launch a card payment platform for trade settlements in South Korea. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Interviews & Exclusives
Can Coupang’s $500 Million Lifeline Save Farfetch From Falling Out of Fashion?

December 19, 2023
After a roller coaster year of surprises, including a November decision to withhold its earnings results for the third quarter of 2023 and the cancellation of its planned conference call, Farfetch has been acquired by South Korean eCommerce giant Coupang. Get the Full Story Complete the form to unlock this article and enjoy unlimited free […]

Real-Time Payments Taking Hold From South Africa to Sweden

August 01, 2023
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

An Insider’s View of S. Korea’s $92B eCommerce Market

August 19, 2022
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

South Korea Is an eCommerce Eden for Those Fluent in Local Payments

July 21, 2022
Among the most mobile-centric nations on earth, South Korea is a ripe opportunity for eCommerce merchants provided they learn the terrain — namely, payments localization. Get the Full Story Complete...

Quick Reads
Coupang Says Data Leak Perpetrator Did Not Transfer Data to Others

December 26, 2025
Coupang said that while the perpetrator of a previously announced data leak accessed 33 million accounts, he retained data from only 3,000 accounts, did not transfer the data to others, and later deleted the data when news outlets began reporting the incident. Get the Full Story Complete the form to unlock this article and enjoy […]

Korean Central Bank Wants Slow Rollout for Stablecoins

June 24, 2025
The Bank of Korea has reportedly called for a gradual introduction of won-pegged stablecoins. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Visa and DealMe Begin Rollout of Cross-Border Installment Payment Solution

January 27, 2025
Visa and DealMe are piloting a cross-border installment payment solution in South Korea and plan to expand it to Vietnam, the United States, Australia, Japan and Singapore. Get the Full...

Alibaba Reportedly Plans $4 Billion eCommerce Venture With Korea’s E-Mart

December 26, 2024
Alibaba is reportedly establishing an online shopping venture with South Korean retailer E-Mart. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...