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Banks, Credit Card Issuers Fight Back Against Tech Giants Onslaught

Banks, Credit Card Issuers Fight Back Against Tech Giants Onslaught

SEOUL, June 7 (Korea Bizwire) — In response to the challenge posed by tech giants making inroads in the banking industry, traditional financial services companies such as banks and credit card issuers are going on the counterattack. Credit card companies are preparing to launch an ‘open pay’ service that enables customers to register and use [...]

S. Korean Tech Giants Tipped to Enjoy Rosy Q3 Earnings Despite Pandemic

S. Korean Tech Giants Tipped to Enjoy Rosy Q3 Earnings Despite Pandemic

SEOUL, Sept. 20 (Korea Bizwire) — South Korea’s major tech giants are anticipated to enjoy better-than-expected earnings during the third quarter, a poll showed Sunday, as they were able to save costs amid the global new coronavirus pandemic. Samsung Electronics Co. is expected to post an operating profit of 10.3 trillion won (US$8.85 billion) in [...]