SEOUL, Oct. 18 (Korea Bizwire) – The trade ministry’s affiliates came under more than 10,000 hacking attempts over the last five years, with the key trade promotion agency subjected to the heaviest attack, the ministry said Wednesday. A report from the Ministry of Trade, Industry and Energy submitted to Rep. Lee Chae-ik for parliamentary audits [...]
SEOUL, Sept. 28 (Korea Bizwire) – Some of the attacks reported on South Korean bitcoin exchanges earlier this year have been found to be from North Korean hackers, according to police. The Korean National Police Agency said on Wednesday that North Korean hackers are responsible for the malware attack on e-mail accounts of officials of South [...]
SEOUL, Sept. 22 (Korea Bizwire) — A new survey has revealed South Korean customers are most satisfied with Samsung Pay when it comes to simple payment services. According to findings from the survey conducted by Korea Consumer Agency with a sample of 1,200 respondents, Samsung Pay was found to be the preferred simple payment service [...]
DAEJEON, Sept. 21 (Korea Bizwire) — With a growing number of hacking cases targeting home CCTV cameras reported in South Korea, a public corporation that specializes in security has revealed a new hacking protection technology. The Korea Minting, Security Printing & ID Card Operating Corp, also known as KOMSCO, held a press briefing on Wednesday at [...]
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’. [...]
SEOUL, Aug. 20 (Korea Bizwire) – Samsung Electronics Co.’s mobile payment service has hit 10 trillion won (US$8.76 billion) in accumulated transaction volume in South Korea, the company said Sunday. Samsung Pay was launched at home in August 2015 and had 2 trillion won of transactions in its first year. It uses magnetic secure transmission [...]
SEJONG, Aug. 11 (Korea Bizwire) — South Koreans’ direct purchases from foreign countries rose sharply in the first six months of the year on rising demand for cheaper price tags, customs data showed Friday. A total of US$974.1 million worth of foreign goods was directly bought by South Korean shoppers via international shopping malls in [...]
SUWON, Jul. 29 (Korea Bizwire) — The city of Suwon, which suffered a power outage and vehicle contaminations last year due to the appearance of flocks of crows, has decided to draw up countermeasures, utilizing big data to track crow movements. The city revealed on July 28 that it will set up a customized platform [...]
SEOUL, Jul. 26 (Korea Bizwire) — South Korea’s second Internet-only bank, Kakao Bank, is set to begin operations Thursday, in the latest move by the government to reinvigorate the nation’s banking sector suffering from weaker growth. The planned launch of Kakao Bank, led by Kakao Corp., operator of Korea’s dominant messaging app KakaoTalk, came after [...]
SEOUL, Jul. 7 (Korea Bizwire) — A government-backed South Korean research institute has announced plans to develop a new cyber security technology that will create false information, network addresses and data to confuse hackers. The Electronics and Telecommunications Research Institute’s (ETRI) security technology R&D project comes in the wake of growing risks of cyberattacks facing both [...]