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Finance

Coocon links KakaoPay with Seoul Pay, enabling QR payments at 270,000 merchants

Coocon has linked KakaoPay with Seoul Pay to support QR payments using KakaoPay Money at Seoul Pay merchants, expanding the scope of its integration with the Seoul Pay payment network. Coocon said on Sept. 15 it completed the QR payment linkage between KakaoPay and Seoul Pay and started the service. KakaoPay users can now use QR payments at about 270,000 Seoul Pay merchants, while merchants can add KakaoPay using existing QR infrastructure without building separate systems.

Finance

Coocon Q2 operating profit up 6.3 percent to 4.96 billion won

Coocon posted year-on-year growth in both revenue and operating profit in the second quarter and plans to expand new businesses in the second half. The company reported second-quarter revenue of 17.96 billion won and operating profit of 4.96 billion won. It launched an MCP-based data API and linked global mobile payment services, and completed a stablecoin proof of concept. Coocon also plans to establish a local unit in Singapore this year.

Finance

Fintech posts record results as payment touchpoints expand, signs of loan curb easing

Major fintech firms posted strong first-half results as growth in payments and financial services lifted revenue and profit, with overseas payments and new businesses also expanding. Payment companies are widening links into daily life through merchants, local currencies and transport, while firms bundle payments with other services. As businesses grow, demands for soundness management rise. Separately, there are signs of partial adjustments to loan regulations, while bank lending volume controls continue.