SEOUL, May 14 (Korea Bizwire) — SK Group said Wednesday it has launched a special committee on data protection as part of its efforts to improve cybersecurity across its affiliates, following a large-scale data breach at SK Telecom Co. The Information Security Innovation Committee was formed under the SUPEX Council, SK Group’s top decision-making advisory [...]
SEOUL, May 12 (Korea Bizwire) — South Korean job platforms Albamon and Incruit are ramping up efforts to prevent further data breaches following recent hacking incidents that exposed the personal information of tens of thousands of users. Albamon, a major part-time job listing site, announced that it will begin notifying affected members as early as next [...]
SEOUL, May 9 (Korea Bizwire) — South Korean security and technology experts are raising alarms over Google’s renewed request to export high-resolution digital maps of the country, warning that approval could pose grave national security and economic risks in an era of increasingly drone-based warfare and geopolitical uncertainty. During a policy forum held at the [...]
MILAN, May 8 (Korea Bizwire) — South Korea is preparing to roll out a new cross-border payment system that will allow travelers to make purchases abroad by simply scanning a QR code with a mobile app — no credit or debit card required. A companion feature will also enable cash withdrawals from overseas ATMs, aimed [...]
SEOUL, Feb. 28 (Korea Bizwire) — Lotte Shopping Co., an affiliate of South Korean retail giant Lotte Group, said Friday it has adopted the Taiwan LINE Pay settlement system at its discount store chain to woo Taiwanese travelers. Lotte Shopping formed a partnership with LINE Pay Taiwan Ltd. to introduce the LINE Pay system at [...]
SEOUL, Feb. 28 (Korea Bizwire) — The South Korean Ministry of Science and ICT announced on February 27 that it will select contractors next month for a pilot project to implement post-quantum cryptography (PQC), laying the groundwork for transitioning the nation’s cryptographic systems to prepare for the quantum computing era. Post-quantum cryptography relies on complex mathematical [...]
SEOUL, Jan. 30 (Korea Bizwire) — Naver has introduced Passkey Login, a new authentication method that allows users to log into their accounts using facial recognition or fingerprints instead of passwords. The move is part of the company’s ongoing efforts to enhance privacy and security. According to industry sources, Naver recently launched the passkey system to [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korea’s Personal Information Protection Commission (PIPC) has imposed fines totaling 8.3 billion won ($5.8 Million) on KakaoPay and Apple Pay for transferring the personal data of approximately 40 million users to China’s Alipay without proper consent. The commission announced on Thursday that both companies violated South Korea’s Personal Information [...]
SEOUL, Jan. 6 (Korea Bizwire) — A surge in social media offers to create fake digital IDs, mainly targeting minors seeking age-restricted products, is threatening South Korea’s newly-launched mobile identification system. A search for “mobile ID creation” on X reveals dozens of posts offering counterfeit services. One account advertises a two-minute turnaround time for 30,000 won, [...]
SEOUL, Nov. 25 (Korea Bizwire) – South Korea has solidified its position as the world’s third-largest filer of artificial intelligence (AI) security technology patents, trailing only the United States and China, according to a report released by the Korean Intellectual Property Office (KIPO) on Sunday. In 2021, South Korea filed 1,492 AI security technology patents, a [...]