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 [...]
SEOUL, Dec. 18 (Korea Bizwire) – South Korea’s top tech firm Samsung Electronics Co. said Friday it has agreed with China’s credit card operator UnionPay Co. to cooperate in promoting its new mobile payment system in the Chinese market. Under the deal, the two firms will aim to release Samsung Pay in the first half [...]
SEOUL, Dec.3 (Korea Bizwire) – A new type of identity authentication that does not require face-to-face interaction and will make it possible for clients to open new bank accounts without actually visiting a bank was demonstrated on December 2. ‘Bio authentication methods’, such as confirming one’s identity by putting their palm near a device, will [...]
Samsung Electronics has announced that its Samsung Pay mobile payment system now has more than one million subscribers, only two months after its launch. (Image : Yonhap) SEOUL, Oct. 26 (Korea Bizwire) – Samsung Electronics has announced that its Samsung Pay mobile payment system now has more than one million subscribers, only two months [...]
SEOUL, Oct. 16 (Korea Bizwie) — Google Inc. was ordered by a Seoul court Friday to disclose the list of personal information it has shared with third parties, including a U.S. intelligence agency. Six South Korean activists filed a lawsuit against the global tech giant in July 2014, demanding to know whether it shared their [...]
SEOUL, Sept. 24 (Korea Bizwire) — South Korea’s top smartphone maker Samsung Electronics said Thursday its mobile payment solution has processed tractions totaling US$30 million in the month after its debut in South Korea. The South Korean giant officially released Samsung Pay at home on Aug. 20. The platform, available for Samsung’s high-end smartphones, including [...]
SEOUL, Sept. 16 (Korea Bizwire) — Samsung Electronics Co. signaled Wednesday that the tech giant may expand its latest mobile payment system to budget smartphones, and expected the number of its users to grow further down the road. Samsung Pay, officially launched in South Korea last month, is currently available for only high-end smartphone models [...]
SEOUL, Sept. 15 (Korea Bizwire) — More than half of the smartphones to be sold around the globe will boast near field communication (NFC), a key technology in mobile payment, in 2016, a report showed Tuesday, casting a cloud over Samsung Electronics Co.’s latest mobile payment tool, Samsung Pay. The portion of NFC-equipped smartphones will reach [...]