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 Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip
South Korea’s Hanwha Asset Management Co. Ltd. will launch three global funds for infrastructure, real estate and private equity investments, with $1 billion commitments from two insurance units of its parent group. Hanwha Life Insurance Co. Ltd. and Hanwha General&hellip
An investment firm of South Korea’s Samsung Life Insurance Co. Ltd is forming a blind-pool real estate fund worth around 500 billion won ($443 million) with commitments from other Samsung financial units to acquire a building of the Organisation for Economic Co-operation&hellip