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Finance
Cucon links Seoul Pay with Liquid Group to expand cross-border QR payments
Cucon said on June 8 it will provide a payment service linking Seoul Pay with Singapore fintech Liquid Group. The partnership allows foreign tourists to pay at Seoul-area merchants through their home payment apps, such as Liquid Pay, without separate sign-ups or additional settings. Cucon said domestic small businesses can accept various overseas simple-payment methods using existing QR codes without building separate foreign-currency systems.
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
KB Kookmin Bank launches Korea-Indonesia QR payment service
KB Kookmin Bank said it has expanded the coverage of its cross-border QR payment service, the KB Star Banking overseas payment service, to all of Indonesia. The service links domestic financial firms with overseas payment institutions so users can pay by QR code abroad through their home-country financial apps. The expansion enables QR payments at about 32 million merchants across Indonesia and aims to reduce risks such as card copying and personal data leaks.