ULSAN, Nov. 15 (Korea Bizwire) — The city of Ulsan and KT Corp. signed a memorandum of understanding on Wednesday to adopt a mobile currency for the city. The two parties agreed to carry out preparatory projects to adopt the local currency, conduct joint studies and research projects, exchange information, and discover innovative ideas that [...]
SEOUL, Nov. 13 (Korea Bizwire) — Samsung Electronics Co.’s payment tool, Samsung Pay, stood as South Korea’s top transaction app in October, data showed Tuesday, with the number of Android-based users rising 58 percent on-year. According to the data compiled by industry tracker WiseApp, Samsung Pay was the most popular financial application for the month, [...]
SEOUL, Oct. 24 (Korea Bizwire) — For the first time in South Korea, the Seoul Metropolitan Government plans to adopt a system in which dynamic QR codes are used to easily pay taxi fares. The city’s plan for a QR code payment standard for taxis will be compatible with various payment methods. Starting in January [...]
SEOUL, Oct. 23 (Korea Bizwire) — Starbucks Coffee Korea Co. is adding 300 more ‘cashless shops’ in addition to the 103 stores currently in operation, starting on Monday. Cashless stores recommend that customers use a means of payment other than cash. The company noted that adding 300 more cashless stores would amount to one-third of [...]
SEOUL, Oct. 15 (Korea Bizwire) — The number of hacking attempts into the central or local government systems detected by the government has increased steadily over the last three years. As more hacking attempts were found to be using overseas IP addresses, those from China, especially, grew significantly in number. According to data submitted by [...]
SEOUL, Oct. 14 (Korea Bizwire) — Nearly 35,000 South Korean-owned Facebook accounts are believed to have been hit by a data leak following the hacking of the U.S.-based online social media company last month, the nation’s communications watchdog said Sunday. The Korea Communications Commission (KCC) said 34,891 Facebook accounts owned by South Koreans were subject [...]
SEOUL, Oct. 12 (Korea Bizwire) — On an ordinary weekday in downtown Seoul a middle-aged woman walks into a Starbucks to order a cup of coffee. When she takes some paper bills out of her purse to pay the cashier, he politely refuses them and points to a notice at the entrance. “This store doesn’t [...]
SEOUL, Oct. 1 (Korea Bizwire) — Samsung SDS Co., an IT arm of South Korea’s top business group Samsung, said Monday it has developed an anti-hacking technology that will beef up electronic signature security. The company said the technology centers on blocking side-channel attacks, a hacking method that steals private information by analyzing signals and [...]
SEOUL, Sept. 20 (Korea Bizwire) — The amount of payments made electronically in South Korea continued to rally in the second quarter as a growing number of people use mobile shopping and remittance services, central bank data showed Thursday. The daily average amount of electronic financial transactions came to a record 117.4 billion won (US$104.87 [...]
SEOUL, Sept. 20 (Korea Bizwire) — Most websites that collect personal data, online-to-offline (O2O) apps, and Internet of Things (IoT) gadgets are vulnerable to security breaches, data showed Thursday. According to the data by the Korea Internet & Security Agency (KISA) and submitted to the National Assembly, 97 percent of the 13 websites, 19 O2Os [...]