SEOUL, March 21 (Korea Bizwire) – U.S. tech giant Apple Inc. on Tuesday launched its mobile payment service Apple Pay in South Korea. “Apple Pay is available from today in South Korea,” Duncan Olby, who oversees Apple Pay internationally, said in a press conference in Seoul. “Users can add their credit and debit cards on [...]
SEOUL, March 14 (Korea Bizwire) — With Apple Pay’s imminent launch in the South Korean market, Samsung Electronics Co. is pushing to join hands with Kakao following its earlier partnership with Naver Corp. According to industry sources, the tech giant is now in talks with Kakao Corp. to mutually integrate mobile payment services between Samsung [...]
SEOUL, March 9 (Korea Bizwire) — AliExpress Korea plans to invest about 100 billion won (US$75.7 million) in South Korea this year, the top executive said Thursday, as the online retailer backed by China’s Alibaba Group is pushing to strengthen its presence in the growing cross-border shopping market. The investment is meant “to offer more [...]
SEOUL, March 6 (Korea Bizwire) –The South Korean government has turned down U.S. tech giant Apple Inc.’s request to take high-precision map data out of the country, citing security issues, a government official said Monday. Apple has sought permission for data on a Korean map with a scale of 1:5,000 from the National Geographic Information [...]
SEOUL, Feb. 14 (Korea Bizwire) — Kakao Pay Corp., the online payment unit of South Korean tech giant Kakao Corp., is expected to see its earnings and share price decline due to Apple Pay’s debut in the country. DB Financial Investment last week downgraded shares of Kakao Pay from “buy” rating to “hold.” Considering that [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korea’s financial regulator said Friday that local credit card firms can introduce Apple Pay, the long-awaited mobile payment service of U.S. tech giant Apple Inc., as they have followed relevant procedures. There have been reports for months that Hyundai Card Co., a local credit card unit of Hyundai [...]
SEOUL, Nov. 30 (Korea Bizwire) — Efforts are underway to issue digital test result certificates that cannot be forged, using blockchain technology. The state-run certification institute Korea Testing & Research Institute and local paperless trade service provider Korea Trade Network Co. on Tuesday signed a memorandum of understanding for the issuance and distribution of digital [...]
SEOUL, Sept. 13 (Korea Bizwire) — The government has seen nearly 560,000 outside hacking attempts into its key computer systems over the past six years, with a combined 43 percent from China and the United States, a report showed Tuesday. According to the interior ministry report submitted to Rep. Lee Hae-sik of the main opposition [...]
SEOUL, Sept. 7 (Korea Bizwire) — Hyundai Card Co. is in talks with Apple Inc. to introduce the U.S. tech giant’s mobile payment service to South Korean card users, industry sources said Wednesday. Hyundai Card is nearing a one-year exclusive contract to provide the Apple Pay service in South Korea, they said. If the contract [...]
SEOUL, Aug. 9 (Korea Bizwire) — Jihae Jenna Lee, a former portfolio manager at Boston-based hedge fund Acadian Asset Management, last year extended her “funeral date” by another five years. Her robo-advisor asset management company, AIM (Automated Investment Management) Inc., founded in 2016, had grown significantly in the fourth year of operation, with the volume [...]