SEOUL, July 20 (Korea Bizwire) — Samsung Electronics Co. announced on Wednesday that it has decided not to charge commissions for its digital payment service Samsung Pay, and will renew contracts with local credit card companies. Since its launch in South Korea in 2015, Samsung Pay has continued to renew operational contracts with card firms. [...]
SEOUL, July 4 (Korea Bizwire) — South Korean credit card companies are expressing concerns about the potential cost burden as Samsung Electronics Co. considers turning its mobile payment service into a paid offering and implementing commissions on them. According to industry sources, Samsung is currently in talks with card issuers as its contracts with the [...]
SEOUL, Aug. 28 (Korea Bizwire) — A recent survey has showed that most of South Korea’s delivery app-affiliated restaurants are feeling a huge burden from the costs that they have to pay to delivery app operators. The Seoul Metropolitan Government, the Incheon Metropolitan Government and the Gyeonggi Provincial Government jointly carried out a survey of [...]
SEOUL, Aug. 19 (Korea Bizwire) — A sign of conflict is surfacing again over the commissions charged by Apple and Google in their respective app stores, which have an unrivaled presence in the app market. After charging a 30 percent commission for gaming content, Google plans to shift its commission policy towards charging commissions on [...]
SEOUL, Sept. 11 (Korea Bizwire) – Wall Street in Yeouido is providing ‘zero commission’ stock trading. There was a time in 2011 when free commissions were a craze, but the period of time it was applied to was a few months, or a year at the longest. However, this time, the applied period is at least one [...]