commissions Archives | Be Korea-savvy
Samsung Decides Not to Charge Samsung Pay Commission to Credit Card Firms

Samsung Decides Not to Charge Samsung Pay Commission to Credit Card Firms

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. [...]

Card Firms Worry About Potential Cost Burden from Samsung Pay Commissions

Card Firms Worry About Potential Cost Burden from Samsung Pay Commissions

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 [...]

Restaurants Unhappy with Delivery App Advertising Costs and Commissions

Restaurants Unhappy with Delivery App Advertising Costs and Commissions

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 [...]

Gov’t Watchdogs Eye Apple, Google’s Commission Structure

Gov’t Watchdogs Eye Apple, Google’s Commission Structure

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 [...]