SEOUL, March 24 (Korea Bizwire) — The Korea National Council of Consumer Organizations has sent a letter of inquiry to the OECD to investigate Tesco-owned supermarket Homeplus over allegations that the company sold customers’ private information to insurance firms, according to a statement on March 23. The council claimed that Homeplus and its parent company Tesco [...]
SEOUL, March 11 (Korea Bizwire) — A new FDS (Fraud Detection System) designed to enhance security for mobile phone micropayment will be introduced by the Ministry of Science, ICT and Future Planning (MSIP) in the second quarter, according to an announcement from the ministry on March 10. The FDS will be working as an automatic detector [...]
SEOUL, Mar. 4 (Korea Bizwire) — Samsung Electronics Co., the world’s largest smartphone maker, said Wednesday its new mobile payment platform, Samsung Pay, will be available for use by the second half of this year, which is expected to bring changes to the financial technology industry. The South Korean tech giant said it is moving [...]
SEOUL, Jan. 31 (Korea Bizwire) – Alcatel-Lucent, a French global telecommunications equipment company, has shown a strong interest in participating in Korea’s 2 trillion won (US$ 1.8 billion) national emergency management project, alongside Ericsson, Nokia and Huawei. Alcatel-Lucent Korea Ltd presented its LTE based emergency managing solution, and an application designed to manage disasters in [...]
SEOUL, Jan. 16 (Korea Bizwire) — The Korean Government is set to launch a 1.4 billion won (US$ 1.3 million) project to delete Korean citizens’ exposed personal information, said the Korea Internet & Security Agency (KISA) on January 14. The project’s goal is to find cases of illegally collected or mishandled personal information among domestic and [...]
SEOUL, Jan. 13 (Korea Bizwire) — Korean companies are building up a solid lead in the market for electric vehicle batteries. According to a market report on automotive batteries published by SNE Research on January 12, Korean companies held a 41 percent share of automotive battery patents as a percentage of the global total. LG Chem held [...]
SEOUL, Jan. 7 (Korea Bizwire) – AhnLab, Korea’s major security software provider, came up with “Black SHEEP” as a keyword of expected trends threatening cyber security this year. The word “black sheep” is an idiom used to describe an odd or disreputable member of a group. AhnLab choose the word as the technology or environment that [...]
SEOUL, Dec 29 (Korea Bizwire) – The Interview, Sony Pictures’ high-profile movie, is reaping huge profits as it already made over $1 million in theaters on Christmas day. Rising interest in the film also created illegal profits, as the Seth Rogen and James Franco comedy racked up 1.5 million illegal downloads in the 2 days [...]
TOKYO, Dec. 16 (Korea Bizwire) – LINE Corporation, owner and operator of the free call and messaging app LINE, today announced the release of a new update for the app, version 4.8. Included as a new feature in this update, the mobile payment service “LINE Pay” has now been released globally.1 LINE is used in a [...]
SEOUL, Dec.5 (Korea Bizwire) – The harmless-looking wireless access point has been the main target of the latest security attack. According to industry sources on December 4, the DDoS (distributed denial-of-service) attack occurred to SK Broadband services on November 29 was a new type of security breach targeting the access point. At the time, the Internet service of [...]