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Samsung Group Soon to Announce Reshuffling Affecting 600 Executives

Samsung Group Soon to Announce Reshuffling Affecting 600 Executives

SEOUL, Dec. 3 (Korea Bizwire) — As Samsung Group announced its annual president-level reshuffling results on December 1, the attention is now paid to the follow-up announcement on executive-level personnel change and the group affiliates’ organizational change. As for president-level change, the number of presidents sacked and appointed has been somewhat reduced from the last year. [...]

Kakao Keeps Expanding into Brick-and-mortar Businesses

Kakao Keeps Expanding into Brick-and-mortar Businesses

SEOUL, Aug. 2 (Korea Bizwire) – While Kakao is scheduled to offer an online credit card payment service next month, it is considering an “Uber-like” call taxi service as well. From September, Kakao, the operator of Korea’s largest mobile messenger service, will begin providing credit card online payment service in partnership with nine card companies including [...]

Samsung Employees Get Their Summer Vacation Bonuses

Samsung Employees Get Their Summer Vacation Bonuses

SEOUL, July 9 (Korea Bizwire) — The employees of Samsung Group were paid a bonus called “TAI” (target achievement incentive) on July 8. The incentive bonus, given twice a year, is paid in four different grades from “A” to “D” depending on each affiliate’s financial performance and the degree of achievement vis-à-visthe target. As the first-half TAI [...]

Samsung Card to Provide Big Data-based Customized Service to Card Members

Samsung Card to Provide Big Data-based Customized Service to Card Members

  SEOUL, May 19 (Korea Bizwire) - Samsung Card, Korea’s major credit card issuer, will provide a big data-based personalized service for the first time among credit card companies. The company said on May 16 that it would kick off a new service called “Samsung Card Link” by which it offers discounts and other customized [...]

“App Card” Takes Ground by Illicit Transactions

“App Card” Takes Ground by Illicit Transactions

SEOUL, May 16 (Korea Bizwire) – The “app card,” which has been  touted as a new-generation mobile transaction system, has taken a hit from illicit transactions. In the meantime, Fraud Detection System (FDS) has proven its values once again. Samsung Card reported to the police and financial authorities on May 11 about some 300 cases of illegal [...]