Alibaba is reportedly establishing an online shopping venture with South Korean retailer E-Mart. The two companies are set to combine the assets of their respective online platforms, AliExpress Korea and Gmarket, to form a 50-50 joint venture, The Wall Street Journal reported Thursday (Dec. 26),...
Visa and the Korea Trade-Investment Promotion Agency (KOTRA) have partnered to launch a card payment platform for trade settlements in South Korea. The new Global Trade Payment Platform (GTPP) is scheduled to go live by the end of October, Visa said in a Wednesday (Sept. 11) press...
Ripple wants to support innovation of the XRP Ledger in Japan and South Korea. The enterprise blockchain and cryptocurrency solutions company announced in a Tuesday (June 11) press release the launch of the XRPL Japan and Korea Fund, designed to “provide support for a range...
Korean eCommerce giant Coupang announced fourth-quarter earnings on Tuesday (Feb. 27), reporting a year of accelerated growth, record profits and a strong cash balance of over $5.5 billion dollars. “We believe that creating moments of ‘Wow’ for customers across selection, price and service form the foundation...
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. Will it be enough to save the struggling luxury retailer from going out of style? […]
August 01, 2023
The real-time payments landscape is constantly changing. Growth in adoption and transaction volume has been measured across the continents. With the U.S. Federal Reserve’s launch of FedNow, this change seems...
August 19, 2022
South Korea is a titan in the world economy, exploring the cutting edge of technology, finance, automotive and retail through household brands like Samsung, LG and Hyundai. Its eCommerce...
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. With the world’s 10th-highest gross...
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. In the pilot program, Visa and DealMe partnered to enable shoppers with locally issued credit cards in Vietnam to access real-time installment payment services offered by merchants in […]
December 26, 2024
Alibaba is reportedly establishing an online shopping venture with South Korean retailer E-Mart. The two companies are set to combine the assets of their respective online platforms, AliExpress Korea and...
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. The new Global Trade Payment Platform (GTPP) is scheduled...
June 11, 2024
Ripple wants to support innovation of the XRP Ledger in Japan and South Korea. The enterprise blockchain and cryptocurrency solutions company announced in a Tuesday (June 11) press release the...
