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Security Agency Warns of Possible North Korea Attacks on Bitcoin Exchanges

Security Agency Warns of Possible North Korea Attacks on Bitcoin Exchanges

SEOUL, Dec. 11 (Korea Bizwire) — Amid growing interest in cryptocurrency, security experts have warned that North Korean hackers could target bitcoin exchanges next year. During a press conference held on Friday, the Korea Internet & Security Agency (KISA) revealed a report predicting seven cyberattacks would likely come next year, with cryptocurrency exchanges as the likely [...]

Samsung Pay Expanding into Mobile Banking Service

Samsung Pay Expanding into Mobile Banking Service

SEOUL, Dec. 10 (Korea Bizwire) — Samsung Electronics Co.’s mobile payment system is moving to expand into the banking sector to offer more diverse services to users, the South Korean tech giant said Sunday. The company said that starting Thursday, the payment system installed on some of its newer smartphones can be used to carry [...]

Internet-only Banks Beat Out Traditional Mobile Banking in Consumer Satisfaction Survey

Internet-only Banks Beat Out Traditional Mobile Banking in Consumer Satisfaction Survey

SEOUL, Dec. 7 (Korea Bizwire) – Internet-only banks like K Bank and Kakao Bank are rated higher in consumer satisfaction than online banking services provided by traditional financial institutions, but trust issues with the online services remain. Consumer satisfaction with internet-only banks was higher in six categories, among them bank fees and interest rates, compared [...]

Government Considering Task Force to Regulate Cryptocurrencies

Government Considering Task Force to Regulate Cryptocurrencies

SEOUL, Dec. 5 (Korea Bizwire) – The government is mulling plans to launch a task force dedicated to dealing with issues related to cryptocurrencies such as Bitcoin speculation and hacking attacks against cryptocurrency exchanges. According to the Ministry of Justice on Monday, plans are being considered by the government to launch a task force to more [...]

S. Korea to Use AI to Better Combat Money Laundering

S. Korea to Use AI to Better Combat Money Laundering

SEOUL, Dec. 5 (Korea Bizwire) — South Korea’s top financial regulator said Tuesday it will use artificial intelligence (AI) technology to automate some of the nation’s probe systems against money laundering. Kim Yong-beom, vice chairman of the Financial Services Commission (FSC), said it will start building the anti-money laundering compliance system using AI next year. [...]

S. Korea’s Top Theater Chain Starts Accepting Samsung Pay

S. Korea’s Top Theater Chain Starts Accepting Samsung Pay

SEOUL, Dec. 4 (Korea Bizwire) — Samsung Electronics Co. said users of its mobile transaction system, Samsung Pay, are able to make payments at the country’s top theater chain CJ CGV as of Monday. While CJ CGV theaters accepted Samsung Pay in 2015 after the service was first launched, the two companies later suspended cooperation [...]

Malicious Code Found in Bible App Linked to North Korean Hacker Group

Malicious Code Found in Bible App Linked to North Korean Hacker Group

SEOUL, Dec. 1 (Korea Bizwire) – Malicious code found in an Android bible app has been linked to a North Korean hacker group. A hacker group thought to be from North Korea has reportedly planted malicious code in modified versions of the Android bible reading app ‘Godpeople’ which has been downloaded through an illegal app [...]