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South Korean Banks Adopt Simple Identity Verification System for Online Banking After Criticism

South Korean Banks Adopt Simple Identity Verification System for Online Banking After Criticism

SEOUL, Sept. 4 (Korea Bizwire) – An increasing number of South Korean banks are doing away with the country’s official identity verification process, which has long been criticized as ‘too complicated’ and ‘exhausting’, while being encouraged by financial authorities to do away with the excessive use of ActiveX, a software framework often slammed as ‘headache-inducing’. [...]

Galaxy Note 8 Might Fetch Over 1 Million Won in South Korea

Galaxy Note 8 Might Fetch Over 1 Million Won in South Korea

SEOUL, Sept. 4 (Korea Bizwire) – Samsung Electronics Co.’s Galaxy Note 8 is expected to come with a price tag of 1.09 million won (US$962) here, industry sources said Monday, hovering above that of the device’s predecessor. According to the sources, the 64 GB Galaxy Note 8 is expected to come with a factory price [...]

Moon, Putin to Focus on North Korean Nukes in Upcoming Summit

Moon, Putin to Focus on North Korean Nukes in Upcoming Summit

SEOUL, Sept. 4 (Korea Bizwire) – North Korea’s nuclear program will top the agenda of the upcoming summit between South Korea and Russia this week, a Seoul presidential official said Monday. President Moon Jae-in and his Russian counterpart Vladimir Putin are set to hold talks Wednesday, shortly after Moon’s arrival in Vladivostok to attend the [...]

Kia Motors Does Away With Overtime After Court Ruling

Kia Motors Does Away With Overtime After Court Ruling

SEOUL, Sept. 3 (Korea Bizwire) — After a South Korean court ruled on August 31 that regular bonuses and meal allowances are to be considered part of ‘ordinary wages’ at Kia Motors, significant attention is being focused on whether Kia’s average annual wage will now surpass 100 million won. However, since salary negotiations are based on [...]

‘God’s Gift’ Remake Well Received in the US Market

‘God’s Gift’ Remake Well Received in the US Market

SEOUL, Sept. 3 (Korea Bizwire) — “The public response to ‘God’s Gift’ is amazing. Many loyal spectators watch the drama every week. It is receiving good reviews and being talked about on SNS in high frequency,” said Joe Broido, the senior vice president of Thunderbird Entertainment, a Canadian production company that remade ‘God’s Gift’, which was broadcast [...]

Government Expands Scope of Investigation into Toxic Sanitary Pads

Government Expands Scope of Investigation into Toxic Sanitary Pads

SEOUL, Sept. 3 (Korea Bizwire) — The Ministry of Food and Drug Safety (MFDS) decided on September 1 to increase the number of Volatile Organic Compounds (VOCs) to be examined in sanitary pads for women from the current 10 to 86 substances. “We have added 76 more VOCs to the current 10 substances for examination, [...]