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Banks Rush Into the “War of Mobile Wallet”

Banks Rush Into the “War of Mobile Wallet”

  SEOUL, July 23 (Korea Bizwire) –The sense of urgency that IT companies are encroaching on the mobile payment market is making banks to competitively beef up their smartphone-based electronic commerce services and scramble into the “war of mobile wallet.” Mobile Wallet or E-Wallet is a service that provides a convenient and technologically quick method [...]

CSR Fulfillment Evolves to Involve Customers

CSR Fulfillment Evolves to Involve Customers

SEOUL, June 30 (Korea Bizwire) – As corporate social responsibility has rapidly gained wide acceptance as one of the corporate core duties, the current trend has evolved to involve participation from customers. Such evolution has shifted the companies’ CSR style from making sporadic donations to take a step further to initiate social contribution programs which get [...]

Korea in Collective Grief Affecting Whole Businesses After Ferry Disaster

Korea in Collective Grief Affecting Whole Businesses After Ferry Disaster

SEOUL, Korea, April 22, 2014 (Korea Bizwire) – Since the ferry sinking incident on April 16 that caused 105 confirmed deaths with 197 still missing as of noon of April 22, the nation’s consumption has dropped to one of the lowest levels. According to credit card companies, the volume of credit card transactions for the [...]

19 Degrees Celsius: Threshold Temperature for Convenience Store Success

19 Degrees Celsius: Threshold Temperature for Convenience Store Success

SEOUL, Korea, April 17, 2014 (Korea Bizwire) – A corporate study said the threshold temperature that determines the “good times” for convenience stores is 19 degrees Celsius. According to convenience store chain operator 7Eleven on April 16, its sales index begins to rise 100 from the time when the three-day average daily-high temperature surpasses 19 [...]