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Industry
E-Mart opens first Starfield Market in Seoul
E-Mart said it will reopen its Wolgae store in Seoul\'s Nowon district on Aug. 27 as Starfield Market Wolgae, the fifth Starfield Market and the first in Seoul. The retailer said the renewed complex combines E-Mart, Traders and various tenants, with a sales area of 6,590 pyeong. It has expanded rest and cultural spaces and reshuffled food and retail brands. E-Mart said sales at four Starfield Market stores rose 28 percent year on year in the first half of this year.
Finance
Face payment gains traction as Naver Pay, Toss intensify infrastructure race
Competition in offline payment terminals is heating up as face payment draws attention and spreads, prompting Naver Pay and Toss to race to expand merchant networks. Naver Pay is pushing its Npay Connect terminal, linking payments to reviews, coupons and other services, and says installations have surpassed 100,000 stores. Toss is expanding FacePay use cases with its Toss Front terminal, citing growth to over 6 million registered users and widening partnerships and events.
Finance
National Participation Growth Fund sells out as financial sector steps up payment ecosystem expansion
South Korea\'s National Participation Growth Fund effectively sold out on its first day of sales, with more than 87 percent of supply taken up and some online allotments closing in 10 minutes. Financial authorities are reviewing options to bring forward next year\'s supply or add more, with additional sales in the second half also discussed. Markets also saw spillover effects, while financial institutions and fintech firms moved to expand payment ecosystems and data-driven services.
