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Korean Government Checks Private Sector Cyber Attack Surveillance Systems

Korean Government Checks Private Sector Cyber Attack Surveillance Systems

SEOUL, Dec. 23 (Korea Bizwire) – As cyber-attacks such as the breach of the Korea Hydro and Nuclear Power Company’s systems by an unidentified hacker group increase, the South Korean government is stepping up its efforts to check emergency response plans in the private sector. According to the Ministry of Science, ICT and Future Planning, [...]

KT to Be Restricted from Bidding for Gov’t Contracts for 6 Months

KT to Be Restricted from Bidding for Gov’t Contracts for 6 Months

SEOUL, Oct. 25 (Korea Bizwire) – As KT loses in a Supreme Court case in protest of a lower court decision that endorsed 2012 sanctions by the Ministry of Defense against the telecom firm, it won’t be able to take part in government-commissioned biddings for the next six months. The Supreme Court justices said on October 24, “It is clear that [...]

3 Mobile Telecom Operators Spend 3.5 Tril. Won in Marketing…Parliamentary Inspection

3 Mobile Telecom Operators Spend 3.5 Tril. Won in Marketing…Parliamentary Inspection

SEOUL, Oct. 22 (Korea Bizwire) – Korea’s mobile telecom service operators have for years spent fortunes on marketing to attract more subscribers. A parliamentary investigation revealed that the three service providers including SK Telecom, KT, and LG Uplus have poured in 3.5 trillion won in advertising and other promotions almost for the past five years. According to [...]

LG UPlus Applies Graphical Authentication to Its Online Payment Solution

LG UPlus Applies Graphical Authentication to Its Online Payment Solution

SEOUL, Oct. 14 (Korea Bizwire) – As South Korea’s “Fin-tech” industry seems to be a next big-thing in the national financial and mobile industry, simple and easy mobile payment solutions are being introduced in a row. And LG UPlus, South Korea’s No.3 wireless carrier, also jumps into the fray, betting conventional authentication systems using pin [...]