Search results for Temu
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.
Games & Commerce
Coupang users down 1.1 million in January; Naver up 10 percent, closing gap
Coupang’s number of users fell by about 1.1 million in January from a month earlier, as withdrawals that began in December continued after a personal data leak. Its monthly active users slipped 3.2 percent to 33,180,863, versus a 0.3 percent decline in December. Naver Plus Store’s MAU rose to 7,090,662 from 6,443,758, up 10 percent and placing it in the top five among shopping mall applications.
