Financial Supervisory Service Archives | Page 6 of 6

Yoido’s Financial District under Distress

SEOUL, Korea, Mar 10, 2014 (Korea Bizwire) – Under a severe downturn for years, the securities industry is now experiencing an internal discord between the management and the union over the issue of downsizing. According to disclosure data, the total number of employees in the securities industry as of last year was 40,243, down 5.97 [...]

All POS Terminals to Be Replaced with IC Terminals by Year’s End

SEOUL, Korea, Mar 6 (Korea Bizwire) – All the POS terminals used in commercial establishments that are compatible with magnetic stripe cards will be replaced with IC terminals by the end of this year, as the magnetic stripe cards are known to be vulnerable to personal information theft. In order to enforce the rule forcefully, [...]