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Mobile wallet payments in South Korea to surpass US$500bn in 2024, reveals GlobalData 11 Feb 2021 Mobile wallet payments in South Korea to surpass US$500bn in 2024, reveals GlobalData Posted in Banking South Korea is a well-developed payments market, with consumers preferring cashless payment. While credit cards are the mostly preferred payment method, mobile wallet payments transaction value is expected to reach KRW581.3 trillion (US$503.5bn) in 2024, according to GlobalData, a leading data and analytics company. An analysis of GlobalData's Payment Instrument Analytics reveals that the mobil...

Posted : 2020-12-17 09:05 Updated : 2020-12-17 16:53 A pedestrian makes a donation at the Salvation Army's red kettle located in Seocho Subway Station in Seoul, Monday. The charity group's iconic campaign will continue until the end of this year. / Korea Times photo by Choi Won-suk COVID-19 empties streets, yet people still donate for those in need By Park Han-sol The sound of a small tin bell echoes throughout Seocho Subway Station, catching the attention of some of the rushing pedestrians on a December mid-afternoon. Following the sound in the middle of the hustle and bustle, they soon co...