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...
B2B payment platform ZilBank.com launched an initiative aimed at empowering South Korean entrepreneurs and freelancers by enabling seamless payments to the United States. The program seeks to promote worldwide business expansion without being limited by geographic barriers, the company said in a Friday (Jan. 5) press release. By using cloud...
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...
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...
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 to go live by the end of October, Visa said in a Wednesday (Sept. 11) press release. At launch, GTTP will support payments from five of […]
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...
January 05, 2024
B2B payment platform ZilBank.com launched an initiative aimed at empowering South Korean entrepreneurs and freelancers by enabling seamless payments to the United States. The program seeks to promote worldwide business expansion without being limited by...
December 19, 2023
Struggling luxury retailer Farfetch has been purchased by Coupang, the South Korean eCommerce giant. The deal gives Coupang greater access to the personal luxury goods space, while offering Farfetch $500 million to remain in operation,...
