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. [...]
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 [...]
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 [...]
SEOUL, Dec. 1 (Korea Bizwire) — Just past noon on a recent Monday, a 30-something woman entered a small brick-and-mortar shop in the heart of Seoul, the kind of commonly seen convenience store in South Korea that sells a little bit of everything. Except, it was locked until the shopper tagged her credit card on [...]
SEOUL, Nov. 29 (Korea Bizwire) – A new report has revealed over 75 percent of jobs in finance could evaporate when the fourth industrial revolution takes off in South Korea. According to the report released by the Hyundai Research Institute on Tuesday, nearly 760,000 jobs in the financial sector could be replaced with computers, accounting for [...]
SEOUL, Nov. 20 (Korea Bizwire) – Naver’s new investment reports have revealed the IT giant is focusing on funding food-delivery apps and logistics startups. Speculation is growing in the wake of the recently released investment reports that Naver is expanding its presence in the field of logistics and physical distribution through venture capital projects with online [...]
SEOUL, Nov. 11 (Korea Bizwire) — As the value of cryptocurrency such as Bitcoin surges, a growing emergence of malicious software targeting the digital money is being observed. According to a report on current cyber threats by the Korea Internet & Security Agency (KISA) on November 10, 5,366 cases of ransomware were discovered from the [...]
SEOUL, Nov. 3 (Korea Bizwire) – Patent applications pertaining to all-in-one cards registered at the Korea Intellectual Property Office (KIPO) have increased dramatically in the past five years (2012 to 2016). The nation’s patent authority announced that it had received 125 applications, more than four times the 25 it had accepted in the previous five-year [...]
SEOUL, Nov. 1 (Korea Bizwire) – Members of the Korea Financial Investment Association (KFIA) gathered in Seoul’s Yeouido financial district on October 31 to announce the test run launch of “Chain ID”, an identification system built on blockchain technology that was described by KFIA Chairman Hwang Young-key as “the world’s first successful attempt in commercializing [...]
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 [...]