In a press talk held on April 7, Chung Young-hoon, CEO of NHN Payco, said, "We expect the monthly transaction amount and the cumulative transaction amount to exceed the level of 200 billion won and 2 trillion won, respectively, by the end of this year."
He added, "We are scheduled to sign an alliance with a large open market service firm within the first half of this year. We expect growth to continue as the number of affiliated stores and services has been steadily increasing."
Payco is a simple payment service launched by NHN Entertainment in August 2015, with its cumulative transaction volume estimated at 1.4 trillion won.
On April 1, NHN Entertainment spun off its Payco division and set up an independent unit NHN Payco.
Korea Scientists and Engineers Mutual-aid Association (SEMA) will commit about 20 billion won ($18 million) to a fund of Morgan Stanley Energy Partners (MSEP) for co-investment in a US water management firm, according to a local media report. The $4.2&hellip
South Korea’s National Pension Service (NPS), Public Officials Benefit Association (POBA) and Hyundai Marine & Fire Insurance Co. Ltd. are likely to commit $380 million to a blind-pool real estate fund which private equity firm Rockpoint Group is launching to&hellip
(Corrected: New overseas alternative head Young-shin Chung was not promoted from the position of domestic alternative investment head, but moved to the new position. First paragraph was corrected in that regard.) The Korea Teachers’ Pension on April 24 named its domestic&hellip