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Major Financial Institutions Launch Open Banking Service

Major Financial Institutions Launch Open Banking Service

SEOUL, Oct. 30 (Korea Bizwire) — A so-called “open banking” service, which allows users to withdraw and transfer money from multiple bank accounts using just one mobile application, will be put into operation on a trial basis. Ten major South Korean banks, including KB Kookmin Bank and Shinhan Bank, began piloting open banking at 9 [...]

Augmented Reality App to Enhance Korean Protest Experience

Augmented Reality App to Enhance Korean Protest Experience

SEOUL, Dec. 7 (Korea Bizwire) – The impeachment vote to bring down President Park Geun-hye is planned for Friday, but it’s not going to stop angry Koreans from once again gathering on Saturday for what will be the 7th nationwide rally, with protestors calling for Park to step down immediately.  This weekend’s rally, however, will [...]

Korean Mass Protests Become “Smarter”

Korean Mass Protests Become “Smarter”

SEOUL, Nov. 28 (Korea Bizwire) – For the fifth weekend in a row, hundreds of thousands of Koreans took to the streets demanding the resignation of President Park Geun-hye, who is suspected of a host of illicit activities related to corruption and abuse of power. The latest protests, however, were noted by their integration with [...]

New Law Blocks Indiscriminate Access to Personal Data for Mobile Apps

New Law Blocks Indiscriminate Access to Personal Data for Mobile Apps

SEOUL, Nov. 28 (Korea Bizwire) – Those making frequent use of their mobile devices can easily get frustrated when the process of installing a new app requires access to a bunch of sensitive information, often raising questions of personal data ending up in the wrong hands.  In an effort to help smartphone users better protect [...]

New Revision to Allow Smartphone Users to Erase Pre-Installed Apps

New Revision to Allow Smartphone Users to Erase Pre-Installed Apps

SEOUL, Sept. 22 (Korea Bizwire) – The Korea Communications Commission (KCC) Wednesday decided in favor of a new revision to the Telecommunications Business Act that will soon allow consumers to delete pre-installed applications that come with new smartphones. The revision will prohibit acts that block users from erasing software that are not essential to the [...]

Korean Consumers Seek ‘Silent’ iPhones from Overseas

Korean Consumers Seek ‘Silent’ iPhones from Overseas

SEOUL, May 16 (Korea Bizwire) – In Korea, smartphone manufacturers are obliged to make camera shutter sounds audible even when the phone is set to silent mode. But more and more domestic consumers are seeking iPhones from abroad for their ‘quietness’, despite higher prices. When purchased directly from Hong Kong, an iPhone SE costs approximately [...]