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Trade Ministry Affiliates Report over 10,000 Hacking Attempts Since 2013

Trade Ministry Affiliates Report over 10,000 Hacking Attempts Since 2013

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 [...]

North Korea Tried to Steal Bitcoin from South Korean Websites

North Korea Tried to Steal Bitcoin from South Korean Websites

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 [...]

Public Corporation Develops Private Camera Hacking Protection Technology

Public Corporation Develops Private Camera Hacking Protection Technology

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 [...]

South Korean Banks Adopt Simple Identity Verification System for Online Banking After Criticism

South Korean Banks Adopt Simple Identity Verification System for Online Banking After Criticism

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’. [...]

S. Korea’s Overseas Direct Purchases Surge in H1

S. Korea’s Overseas Direct Purchases Surge in H1

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 Turns to Big Data to Fight Crows

Suwon Turns to Big Data to Fight Crows

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 [...]

S. Korea’s 2nd Internet-only Bank to Begin Operations Thursday

S. Korea’s 2nd Internet-only Bank to Begin Operations Thursday

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 [...]

South Korean Research Team to Develop New Cyber Security Technology

South Korean Research Team to Develop New Cyber Security Technology

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 [...]