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'Buy now, pay later' delinquency rates rise

The delinquency rate of “buy now, pay later” (BNPL) services offered by the nation s three big tech firms - Naver Financial, Kakao Pay and Viva Republica - is on a sharp rise due to the economic slump and prolonged high interest rates, data showed Thursday. ....

Viva Republica , Choi Seung Jae , Financial Supervisory Service , People Power Party , Naver Financial , Kakao Pay , Financial Supervisory , South Korea , He Korea Times , Orea Times , Orean News In English ,

Kakao Mobility criticized for insufficient compensation to taxi drivers affected by outage

Kakao Mobility announced on Wednesday that it will pay 7,550 won ($5.30) to taxi drivers and 4,260 won to chauffeurs, who have paid the company s membership service fee, as compensation for losses incurred due to the service outage that occurred last Saturday s as a result of a fire at Kakao s main data center in Seongnam, Gyeonggi Province. The mobility service provider s decision has drawn criticism from taxi drivers and lawmakers alike. ....

Soult Ukpyolsi , South Korea , Kyonggi Do , Kwangju Gwangyoksi , Ryu Geung Seon , Choi Seung Jae , Fair Trade Commission , National Assembly , People Power Party , Oceania Football Confederation , Ministry Of Land , Korea Football Association , Kakao Mobility , Chairman Chung Mong Gyu ,