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New cases in 1,700s for 3rd day; post-holiday resurgence in store
New cases in 1,700s for 3rd day; post-holiday resurgence in store
Social affairs
South Korea's daily coronavirus cases stayed above 1,700 for the third day in a row Thursday on fewer testers during the three-day Chuseok holiday, the Korean equivalent of Thanksgiving, that ended Wednesday, but concerns run high over a potential resurgence across the country down the road. The country reported 1,716 new COVID-19 cases, including 1,698 local infections, raising the total caseload to 292,699, according to the Korea Disease Control and Prevention Agency (KDCA). The latest caseloa
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 Kakao Pay faces renewed scrutiny ahead of IPO
Kakao Pay faces renewed scrutiny ahead of IPO
Money
Ant Group-backed financial technology firm Kakao Pay is facing renewed scrutiny ahead of its upcoming initial public offering as South Korea’s tech crackdown shows no signs of abating. Regulators’ tightening grip on online financial platforms puts Kakao Pay, known for its mobile payment app interoperable with Korea’s popular messenger app KakaoTalk, under mounting pressure to revise its prospectus again to scale down its fintech service. The stock market debut of Kakao Pay,
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