SEOUL, Aug. 6 (Korea Bizwire) — South Korea’s No. 2 tech giant LG Electronics is set to join forces with U.S. Google for a smartphone with an Android-based payment system, industry sources said Thursday, commencing its struggle to catch up to rivals. LG Electronics is anticipated to showcase Google’s next Nexus smartphone in October, according to the sources. [...]
SEOUL, Aug. 4 (Korea Bizwire) – Prior to the official launch of Samsung Pay, Samsung Electronics‘ simple on and offline payment solution, Korean card companies are busy preparing for the service. According to credit card industry representatives, Samsung Card, Samsung Group’s card company, and BC Card are now offering a trial run of Samsung Pay [...]
SEOUL, July 23 (Korea Bizwire) — Personal data of over 43 million citizens, which accounts for about 90 percent of South Korea’s total population, was leaked to a multinational statistics company, prosecutors said Thursday. A joint team of prosecutors and government officials said 24 people from a medical program development firm, only identified by the [...]
SEOUL, July 22 (Korea Bizwire) – It is expected that all traces of resident registration numbers on the Internet will be removed by the end of this year. According to the Korea Communications Commission (KCC) on July 21, as the revised Act on Promotion of Information and Communications Network Utilization and Information Protection has entered into effect, [...]
Seoul, July 20 (Korea Bizwire) – Consumer “A” bought a pair of shoes for 249,000won last month. When “A” received the shoes, “A” didn’t like the design and requested a refund. However, the seller rejected the request, saying the shoes were not refundable because they were tailor made. As the number of people purchasing shoes [...]
SEOUL, July 17 (Korea Bizwire) – NHN Entertainment, a renowned mobile game publisher, is transforming itself into a composite IT service company by introducing Internet of Things products as well as a payment solution. On July 16, NHN Entertainment introduced a cloud-based IP camera called TOAST Cam. With its cloud technology sending images to data centers [...]
Seoul, July 13 (Korea Bizwire) – Information Technology (IT) companies are getting busy before the second half of this year, when the issue of mobile payment systems is expected to come to a head. Samsung Electronics, Google and Naver, three industry powerhouses, are set to launch mobile payment systems that are expected to have widespread influence on [...]
65% of Seoul citizens claim they feel insecure about their information security. (image : Kobiz Media / Korea Bizwire) SEOUL, July 8 (Korea Bizwire) — Since personal information was leaked from credit card companies last year, 65% of Seoul citizens claim they feel insecure about their information security. In addition, one out of two living in [...]
SEOUL, July 7 (Korea Bizwire) – Samsung Pay, the proprietary mobile payment service developed by Samsung Electronics, will be introduced in its home market soon as a beta service. Samsung Card announced on July 6 that it would recruit beta testers for Samsung Pay until July 10. The beta testers will experience the Samsung Pay service [...]
SEOUL, June 30 (Korea Bizwire) – BC Card has decided to open the source code for mobile card issuance to all financial firms and start-ups to contribute to the growth of the FinTech industry in Korea. The company has already spent some 30 billion won to develop the source code. The biggest payment processing company and local [...]