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South Korea

Alibaba launches Korea Pavilion on Tmall.com

Alibaba Group, has announced the launch of a Korea Pavilion on its Tmall.com platform.  Tmall.com’s Korea Pavilion opened on 18th May and allows any Korean retail goods to be listed. Tmall.com’s Korea Pavilion was introduced in a ceremony at the aT Center by Jack Ma, founder and executive chairman of Alibaba Group, and Choi Kyunghwan, Deputy Prime Minister of Korea. ... Read More »

People’s Bank of China Credit Information Center and South Korean NICE Information Services in Co-operation

The People’s Bank of China Credit Information Center announced that it has entered into a cooperation with the Korean National Information and Credit Evaluation Corporation (NICE) headquartered in Yeouido, Seoul. Both companies agreed to cooperate in the development of South Korea’s financial infrastructure and related information exchanges and joint research credit assessment methods. NICE is South Korea’s largest credit bureau, ... Read More »

Challenges of the new Korean Address System

Korea announced the “Launch” of its new Address System nearly one year ago, and the public has had a bit of a challenge getting used to it.  Smaller businesses who deliver to home residences, such as food stalls, have had to remember their customers’ ‘old’ addresses and learn the ‘new’ ones.  This has made business a challenge. The conversion has ... Read More »

Tapjoy Acquired Korean Analytics company 5Rocks

Tapjoy stated that the acquisition could offer complete ad-tech and app-tech solutions for driving revenue and lifetime value (LTV) maximisation for app developers.  The deal will bring together its mobile advertising technology with 5Rocks’ predictive analytics and marketing automation services. Best known for its data science expertise, deep reporting, predictive analytics and mobile Customer Relationship Management (mCRM) platform, 5Rocks analytics ... Read More »

S&P Capital IQ Extends Real Time Solutions to Hong Kong

S&P Capital IQ Real-Time Solutions is extending its QuantFEED and QuantLINK solutions through Hong Kong Exchanges and Clearing’s (HKEx) Orion programme. The new service provides participants with faster access to both trading platform and market data services.  Source:  Theasset.com Chief Executive Officer Alex Matturri stated in a recent interview that S&P Dow Jones Indices is seeking cooperation with Asian and Latin American ... Read More »

The Digital Event Revolution

BIIA Chairman David Worlock was present last week in Seoul at the 80th Congress of the UFI, the Paris-based trade association which represents both conference and exhibition organizers. His observations or thinking can be read in his latest blog “the Digital Event Revolution”.   Nothing has higher value in the world of B2B than events.  Markets and valuations all reflect this. ... Read More »

Emerging Asia: Coface Warns of Growing Risks Linked to Household Debt

The growth potential in Asia remains high, driven by the middle class Asian economies have weathered the double blow of the global crisis of 2008-2009 and that of the sovereign debt of the Eurozone, due notably to the dynamic consumption of their households.  For example, since 1995 per capita consumption has almost tripled in China and has more than doubled ... Read More »

Major Slowdown in South Korea’s Economy

The growth in the second quarter was the lowest that Korea has seen since 2009 and that has been setting off some alarm bells at the highest levels of government. The reasons for the decline are hardly mysterious and that just adds to the gloom. As China has pulled back and slowed their economic expansion they are buying far less ... Read More »