South Korea: Ticket Monster receives $40m from NHN Entertainment

April 11, 2016

South Korea-based e-commerce company Ticket Monster has raised million from NHN Entertainment, a local entertainment and gaming conglomerate.

Ticket Monster and NHN Entertainment have also signed a memorandum of understanding to allow NHN Entertainment to promote its convenience payment solution PAYCO via Ticket Monster, and further innovate the end-to-end e-commerce process from ordering an item to paying for it to receiving the goods.

Upon completion of this deal, Ticket Monster is valued at .5 billion, which is a 100 per cent increase from its valuation a year ago.

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South Korea: Ticket Monster receives m from NHN Entertainment

 

Source: DealStreetAsia