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Games & Commerce

Baemin B Mart\'s lowest-price challenge project lifts orders 62 percent after one year

Baemin B Mart\'s \"lowest-price challenge\" project increased both orders and transaction value by more than 50 percent after a year, the operator of Baedal Minjok said on Wednesday. Orders for items in the project rose about 62 percent and transaction value increased about 53 percent as of July, 10 months after a nationwide rollout in September. The always-on promotion covers fresh food, processed food and household goods.

Finance

Household loan cap raised to 3 percent; scraping to be phased down

South Korea’s financial authorities loosened parts of their household loan management stance by raising this year’s lending growth target to 3 percent from 1.5 percent and planning 47.8 trillion won-plus in housing supply finance support. The move is expected to expand banks’ annual capacity for household loans to around 60 trillion won. Authorities also agreed not to block scraping all at once, opting to phase it down while preparing alternatives such as public MyData.

Finance

Danal posts 115.4 billion won first-half revenue, eyes global payments and stablecoin expansion

Danal said in a filing on Thursday it posted first-half revenue of 115.4 billion won and operating profit of 3.0 billion won on a consolidated basis. On a separate basis, it reported revenue of 92.8 billion won and operating profit of 6.9 billion won. The company expanded its payments business, increased transactions in retail, culture and leisure, and continued investment in new businesses including stablecoins and a foreigner payment platform.