Search results for Coocon
Finance
National Participation Growth Fund sells out as financial sector steps up payment ecosystem expansion
South Korea\'s National Participation Growth Fund effectively sold out on its first day of sales, with more than 87 percent of supply taken up and some online allotments closing in 10 minutes. Financial authorities are reviewing options to bring forward next year\'s supply or add more, with additional sales in the second half also discussed. Markets also saw spillover effects, while financial institutions and fintech firms moved to expand payment ecosystems and data-driven services.
Finance
Coocon posts 4.47 billion won Q1 operating profit, expands stablecoin and AI businesses
Coocon is expanding its business by positioning global payments, stablecoins and AI-based data services as its next growth drivers. First-quarter revenue fell 7.5 percent from a year earlier to 16.01 billion won, while operating profit rose 1.9 percent to 4.47 billion won. The company said it defended profitability through fee-based business expansion and cost efficiency, and plans to strengthen overseas payment links and stablecoin-based payments.
Finance
Coocon launches We-Bridge non-face-to-face document submission solution to simplify loan, insurance contracts
Coocon said on May 19 it has launched We-Bridge, a solution that automatically submits required supporting documents remotely during loan and insurance contract processes. The company said the service allows submission of various public documents with identity verification, improving convenience for financial consumers and operational efficiency for financial firms. Built on Coocon’s data linkage technology, it digitises the entire process from document requests to collection and submission.
