CHUNCHEON, July 25 (Korea Bizwire) – Gangwon’s provincial government is turning the ‘right to be forgotten’ into business opportunities across its 18 cities and counties starting August. The right to be forgotten refers to the removal of any personal information posted online after a certain period of time. Netizens can now set the time when their [...]
SEOUL, Jul. 24 (Korea Bizwire) – The portion of stocks traded on the main bourse through mobile devices has hovered above 30 percent this year, data showed Sunday, with the figure anticipated to continue to grow sharply down the road. According to the data compiled by the Korea Exchange (KRX), the main bourse operator, the [...]
SEOUL, July 11 (Korea Bizwire) – A global partnership for cybersecurity — initiated and led by South Korea with 32 other countries as member nations — was officially launched on Monday, the Seoul government said. The Cybersecurity Alliance for Mutual Progress (CAMP) held its first general meeting at a Seoul hotel with the participation of [...]
SEOUL, July 11 (Korea Bizwire) – South Korea will use security guard robots to reinforce safety in and around Olympic stadiums and venues during the 2018 PyeongChang Winter Games, the government said Monday. The Ministry of Trade, Industry and Energy said it has launched a robot support team led by Oh Joon-ho, a professor of [...]
SEOUL, June 14 (Korea Bizwire) – The South Korean government said Tuesday it has begun a full-fledged campaign to help local cybersecurity startups operate in the United States. The Korea Innovation Center (KIC) in Washington D.C. has agreed to team up with the MACH37 Cyber Accelerator, a Virginia-based agency specializing in supporting the launch of [...]
SEOUL, June 10 (Korea Bizwire) – Estsoft, a Korean software manufacturer, revealed Thursday a new daily record for the number of ransomware attacks that its vaccine program, Alyac, has blocked. Ransomeware refers to a type of malicious software designed to block access to a computer system until a sum of money is paid. The total [...]
SEOUL, May 26 (Korea Bizwire) – South Korean fintech firm Kona I plans to launch a biometric smart card that features an embedded fingerprint sensor, reported industry officials. The new model will be highly useful for security purposes including building access or for ID card use. “The technology will replace password or authentication certificates in confirming identification, [...]
SEOUL, May 19 (Korea Bizwire) – South Korean and U.S. officials gathered here Thursday to discuss cooperation in the cybersecurity sector as both countries are experiencing an increase in online trade. The seminar brought together about 100 government, business and academic participants from the two sides to discuss trends in cybersecurity in critical infrastructure sectors, [...]
SEOUL, April 21 (Korea Bizwire) – The South Korean government is reviewing an option to beef up security at public office buildings by adopting a biometrics recognition system, the interior minister said Thursday. The policymaker’s announcement comes as Seoul took fire for lax security after a man broke into a government building earlier this month. [...]
SEOUL, April 5 (Korea Bizwire) – While financial services companies exploring fintech systems were previously concentrated on payment settlement, they are now setting out in new fields, expanding their offerings to financial software or data analysis services. According to “The Rise of Fintech and Changes in the Financial Industry”, a report issued by the Hyundai [...]