Naver Pay Archives | Be Korea-savvy
Credit Card Companies to Roll Out Modifications to Enable “Going Dutch”

Credit Card Companies to Roll Out Modifications to Enable “Going Dutch”

SEOUL, Sept. 20 (Korea Bizwire) – After holding talks with CEOs of credit card companies in July and August, the Financial Services Commission (FSC) publicly disclosed that modifications to payment processing procedures will be implemented. One of the key points of the announced modifications is a system that will allow groups of restaurant-goers to split [...]

Naver and Kakao Clash with Similar Services but Different Strategies

Naver and Kakao Clash with Similar Services but Different Strategies

SEOUL, April 11 (Korea Bizwire) – Korean internet giants Naver and Kakao are battling to take the lead in O2O (online to offline) businesses. Due to a limited number of different kinds of business opportunities to tackle in the IT industry, the projects laid out by the two companies are often in conflict. However, since the two [...]

Samsung, Google, Naver at War over Mobile Payment Systems

Samsung, Google, Naver at War over Mobile Payment Systems

Seoul, July 13 (Korea Bizwire) – Information Technology (IT) companies are getting busy before the second half of this year, when the issue of mobile payment systems is expected to come to a head. Samsung Electronics, Google and Naver, three industry powerhouses, are set to launch mobile payment systems that are expected to have widespread influence on [...]