Search results for Temu
Telecommunications & Media
Telecom operators\' user protection average score 873 points, down 13 points from year earlier
South Korea\'s Broadcasting Media Communications Commission said an assessment of user-protection work at 47 telecommunications operators showed overall performance fell or was flat from a year earlier. The average score for 39 companies, excluding eight pilot-assessment firms, was 873.3 points, down 13.4 points. Grades for large carriers generally declined. The regulator cited shortcomings among value-added operators and said it would withhold or delay penalty-reduction benefits for top-rated firms.
Finance
Fintech sector shifts from scale growth to profitability battle
South Korea\'s fintech sector is moving beyond scale expansion and into a battle over profitability. Toss operator Viva Republica, Naver Financial and Kakao Pay posted their first combined annual net profit last year, with revenue also hitting record highs. Hecto Financial reported its best-ever results and is stepping up global business plans, including cross-border settlements and prepaid payments for foreign tourists visiting South Korea.
Finance
Hecto Financial says quarterly cross-border settlement volume tops 350 billion won
Hecto Financial said on March 25 it set a quarterly record for transaction volume in its cross-border settlement business targeting global markets. The company said its cross-border business is growing mainly on an existing bank network and a fiat-currency settlement model amid discussions on stablecoin legislation. It reported 2026 first-quarter cross-border settlement transaction volume of 350 billion won and said it has maintained annual growth of more than 200 percent since the business was ramped up.
