Naver has signed another share-swap agreement, this time with a company that makes e-commerce websites and provides related tools and services.
Cafe24, a Korean e-commerce platform provider, is offering unsecured loans to online sellers in partnership with KB Kookmin Bank.
Online shopping vendors that built their websites with Cafe24, a Korean e-commerce platform provider, are now able to automatically update their products on Facebook Shops.
As increasing numbers of people shop online, more companies are offering services to help individual sellers enter overseas markets.
E-commerce in Korea hit a milestone in 2019 when the amount of credit card spending online outpaced spending at brick-and-mortar stores, according to the central bank. Cafe24 has been part of that growth from the very start.