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Finance

KakaoPay unveils June payment benefits at Musinsa, Twosome and more

KakaoPay is offering June payment benefits at major partner brands including Musinsa, Twosome Place, convenience stores and Olive Young, ahead of the summer consumption season. It will run linked promotions with Musinsa through June 23, including in-store events and instant discounts. Twosome Place will offer a limited-time 50 percent discount on June 17. Convenience store and Olive Young discounts, along with point rewards at Salady, are also included.

Crypto

Bank of Korea steps up \'Project Hangang\' as it presses CBDC pilot

The Bank of Korea is accelerating its central bank digital currency (CBDC) pilot, Project Hangang, as legislation on a digital assets framework law stalls in parliament. The project has moved into a second phase focused on building a basis for commercialising deposit tokens, expanding participating banks and planned QR-code payments at more stores. The bank will also test paying an electric-vehicle charging subsidy in deposit tokens, a first for public finance, while debate continues over stablecoin oversight.

Games & Commerce

Convenience store industry seeks breakthrough by strengthening private brands amid slowing growth

South Korea\'s convenience store market is entering a saturated phase, prompting the four major operators to strengthen private brand (PB) products. CU and GS25 are expanding PB as a growth engine for overseas stores, while Seven Eleven and Emart24 are using PB to improve efficiency and profitability. With store growth slowing for most players, PB shares last year were 29.5 percent for CU, 20 percent for GS25 and 29.5 percent for Seven Eleven.