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Search results for P2P

Finance

Eight Percent cumulative investments top 20 million, average annual return 10.3 percent

Eight Percent, a peer-to-peer finance company, said cumulative investments in its loan claims have surpassed 20 million. It said total funds invested in the loan claims amount to 1.46 trillion won. The company offers products backed by real estate collateral, personal credit and securities account collateral, and spreads risk by allocating investor funds across multiple loan claims. It said the products’ average annual return is 10.3 percent.

Telecommunications & Media

Korea media watchdog votes to block access to overseas prediction market Polymarket

South Korea\'s Broadcasting Media and Communications Review Committee voted to block domestic access to the overseas prediction market platform Polymarket after judging it constitutes illegal gambling and speculative activity under Korean law. The committee said the platform could amount to aiding gambling or opening a gambling venue and similar acts under relevant statutes. It rejected arguments that removing Korean-language services and won payments or using decentralised technology exempts it from Korean laws.

Crypto

Binance makes 198 service improvements in first half, incorporating 2,354 user feedback items

Binance said it made 198 functional improvements across 47 service areas in the first half of the year based on user feedback. It said it received 2,354 feedback items from users worldwide from January to June and revamped services and features. Key areas included P2P, Binance Chat, Binance Wallet, account experience and navigation. It also outlined expansions of Binance Pay and Binance Card and reported handling 36,235 law enforcement requests in the first half.