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Daily Money Transfers via Mobile Payment Apps Exceed 200 bln Won in H1

Daily Money Transfers via Mobile Payment Apps Exceed 200 bln Won in H1

SEOUL, Oct. 17 (Korea Bizwire) — The value of daily money transfers via mobile payment apps in South Korea surpassed 200 billion won (US$168.6 million) in the first half of the year, central bank data showed Thursday, as more people used smartphones for financial services. The value of daily money transfers via smartphone apps, such [...]

Cases of Website Defacement Up in 2019

Cases of Website Defacement Up in 2019

SEOUL, Oct. 16 (Korea Bizwire) — The number of website defacements in South Korea has increased in 2019 from a year earlier, an opposition lawmaker said Wednesday. Rep. Shin Yong-hyeon of the minor opposition Bareunmirae Party said webpage-related hackings, including the stealing of confidential information and injection of malicious code, numbered 501 cases as of [...]

Kakaopay to Expand Offline Payment Service

Kakaopay to Expand Offline Payment Service

SEOUL, May 20 (Korea Bizwire) — Kakaopay Corp. said Monday that it will expand its offline payment business to solidify its status as South Korea’s leading fintech service platform provider. Kakaopay said it plans to launch its own application within this year so that more users can use credit cards through the one-click payment system [...]

S. Korean Security Industry Scrambles to Incorporate Unmanned Technology

S. Korean Security Industry Scrambles to Incorporate Unmanned Technology

SEOUL, May 14 (Korea Bizwire) – The security industry, traditionally known as one of the most labor-intensive sectors, is using artificial intelligence (AI) and Internet of Things (IoT) technology to evolve in the age of the Fourth Industrial Revolution. S-1 Corp., a South Korean security firm and an affiliate of Samsung Group, is offering new [...]

Ransomware Attacks on Companies Rise in 2018: Poll

Ransomware Attacks on Companies Rise in 2018: Poll

SEOUL, Apr. 16 (Korea Bizwire) — The number of ransomware attacks on companies rose sharply last year, making ransomware the most prevalent type of malicious software detected, a government poll showed Tuesday. Of businesses that experienced some kind of hacking attempt, 56.3 percent said they were attacked by ransomware, up 30.8 percentage points from 2017, [...]

S. Korea’s Electronic Payments Surge in 2018

S. Korea’s Electronic Payments Surge in 2018

SEOUL, Apr. 3 (Korea Bizwire) — The daily amount of payments made electronically nearly doubled last year as a growing number of South Koreans are carrying out their financial transactions on smartphones, central bank data showed Wednesday. The daily average for electronic financial transactions came to a record 126.1 billion won (US$111.1 million) in 2018, [...]

Internet Banking Users in S. Korea Rise 8.5 pct in 2018

Internet Banking Users in S. Korea Rise 8.5 pct in 2018

SEOUL, Mar. 28 (Korea Bizwire) — South Korea’s Internet banking services grew at a fast clip last year, with the number of daily transactions and their total value reaching record highs, central bank data showed Thursday. The number of online banking service users came to a record 146.56 million as of the end of 2018, [...]

S. Korean Telecoms in Race for 5G-based Security Service

S. Korean Telecoms in Race for 5G-based Security Service

SEOUL, Mar. 27 (Korea Bizwire) — South Korean telecom companies have released their new security management solutions as the country gets ready to begin 5G services that boast higher network efficiency and potential to offer high-value differentiated services. Local carriers are stepping up promotion for their new security services as they are set to launch [...]