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 [...]
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 [...]
SEOUL, Sept. 22 (Korea Bizwire) — A new survey has revealed South Korean customers are most satisfied with Samsung Pay when it comes to simple payment services. According to findings from the survey conducted by Korea Consumer Agency with a sample of 1,200 respondents, Samsung Pay was found to be the preferred simple payment service [...]
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 [...]
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’. [...]