Search results for Musinsa Money
Games & Commerce
Musinsa Used cuts consignment fees to as low as 9 percent
Musinsa said on Thursday it will cut consignment selling fees for its fashion resale service, Musinsa Used. From Feb. 23, the platform will apply a flat 15 percent fee and provide clearer earnings guidance to sellers. A promotion will lower the fee to 12 percent, and choosing settlement in Musinsa Money points instead of cash will reduce it further to 9 percent. Product preparation fees will rise to 7,000 won from 5,000 won.
Finance
Banks step up embedded finance to combine payments, savings and benefits
South Korean banks are stepping up “embedded finance” by integrating financial services into other companies’ apps and platforms, aiming to make finance part of everyday consumption rather than a separate banking app activity. K Bank plans a commerce-linked service with fashion platform Musinsa after being designated an innovative financial service. Shinhan Bank is partnering with 11st and CJ Olive Young, while KB Kookmin Bank and KakaoBank are broadening tie-ups across retail and platform partners.
Games & Commerce
Musinsa to issue 90,000 won worth of discount coupons to all members
Musinsa and 29CM will run a 10-day promotion from Jan. 19 to 28 offering a package of nine coupons worth 90,000 won to all members, Musinsa said. The package expands benefits previously worth 50,000 won and adds four 10,000 won coupons for popular categories. It also includes a new 10,000 won coupon usable at Musinsa offline stores nationwide. 29CM will also offer category coupons and a payback event.