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Is Smart Technology the Future of Retail?

Is Smart Technology the Future of Retail?

SEOUL, May 17 (Korea Bizwire) — As a woman in her 40s enters a clothing store with her daughter, a “smart” CCTV camera recognizes her as a regular customer, delivering her personal information to a welcome robot, which then greets both the female customer and her daughter. As the customer moves around the shop, custom-fit [...]

More than Quarter of S. Koreans Use Mobile Payment Services: Poll

More than Quarter of S. Koreans Use Mobile Payment Services: Poll

SEOUL, Apr. 30 (Korea Bizwire) — More than a quarter of South Koreans have used mobile payment services as increasing numbers of people use mobile devices to pay for goods and services in one of the world’s most wired countries, a poll showed Monday. The survey of 2,500 adults, conducted by the Bank of Korea [...]

Hackers Attack Portal Users with Phishing Emails for Passwords, Personal info

Hackers Attack Portal Users with Phishing Emails for Passwords, Personal info

SEOUL, April 4 (Korea Bizwire) – Unidentified hackers have been attacking users of South Korea’s two major portals in recent months to get their passwords and other personal information, an industry source said Wednesday. The hackers are using phishing emails that entice users to click on a link to bring them to a fraudulent website, EST Security Corp., a cybersecurity firm, said. The hackers named “Daum Post” sent phishing emails to some users of [...]

Security Solutions Firms Seek Integrated Service to Meet Consumer Demand

Security Solutions Firms Seek Integrated Service to Meet Consumer Demand

SEOUL, Mar. 20 (Korea Bizwire) — South Korea’s major security and safety solutions providers are making inroads into the integrated security services market with enhanced Internet security solutions combined with physical security, industry sources said Tuesday. The trend is in line with rising demand for better service and rapid growth of the information security market [...]

Blockchain Money Transfers ‘Too Slow’ and ‘Hard to Restore’

Blockchain Money Transfers ‘Too Slow’ and ‘Hard to Restore’

SEOUL, Feb. 14 (Korea Bizwire) – Blockchain technology-based money transfer services were found to be too slow and hard to restore where there is a glitch, according to tests conducted by the Bank of Korea. According to the BOK, speed and restoration issues were discovered in blockchain money transfers between banks, the central bank of South [...]

WeMakePrice Mulls Cryptocurrency Payments in Korea

WeMakePrice Mulls Cryptocurrency Payments in Korea

SEOUL, Jan. 30 (Korea Bizwire) — Social commerce service WeMakePrice is set to become the first South Korean shopping website to accept cryptocurrencies in South Korea. According to reports, WeMakePrice is in talks with cryptocurrency exchange Bitthumb to allow users to make payments with cryptocurrencies such as Bitcoin, which could see the website become the [...]

South Korean Gov’t Steps Away from Online Personal Identification Security

South Korean Gov’t Steps Away from Online Personal Identification Security

SEOUL, Jan. 24 (Korea Bizwire) — The Ministry of Science and ICT announced on January 24 that before the end of the year it would downgrade the importance of the public key certificate, a widely used personal identification tool in South Korea, by essentially removing the word “public” and turning it into a security system [...]

Cryptocurrency Policy Advisor Made Millions Before Government Announced Regulations

Cryptocurrency Policy Advisor Made Millions Before Government Announced Regulations

SEOUL, Jan. 19 (Korea Bizwire) – A South Korean cryptocurrency policy advisor who has made over 10 million won via investment in cryptocurrencies is being accused of using inside information for personal gain. A member of the Financial Supervisory Service, whose name remains anonymous, enjoyed a profit margin of over 50 percent after selling his cryptocurrency [...]