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Open-Source Software as Easy Target for Hackers

Open-Source Software as Easy Target for Hackers

SEOUL, Jul. 5 (Korea Bizwire) – Software freely available to the public has become a new target for hackers. SK Infosec, an information security company, held a press conference yesterday in central Seoul to disclose that 43 percent of the software vulnerabilities found in the first half of the year involved open-source software. The company [...]

Gov’t to Support Expansion of Blockchain Industry

Gov’t to Support Expansion of Blockchain Industry

SEOUL, Jun. 23 (Korea Bizwire) — The Ministry of Science, ICT and Future Planning (MSIP) revealed yesterday its plans to secure a competitive edge in blockchain technology on a global scale by pushing forth six projects in the sector. The six projects to utilize blockchain technology are in the fields of livestock products, customs, real [...]

Ministry to Implement Payment System for Small Businesses

Ministry to Implement Payment System for Small Businesses

SEOUL, Jun. 7 (Korea Bizwire) — A new payment system will be implemented aimed at addressing one of the top difficulties small businesses face, payment processing charges. Hong Jong-hak, the minister of SMEs and Startups, stated at a gathering relating to the issue today that an innovative payment system is needed to relieve small businesses [...]

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 [...]