Tag Archives: South Korea

IDEMIA Provides SK Telecom in South Korea with GMSA Compliant Smart Connect Solution to Activate and Manage eSIM Device Lifecycles

By | November 20, 2018

COURBEVOIE, France–(BUSINESS WIRE)–IDEMIA, the global leader in Augmented Identity, is proud to have been selected by SK Telecom, the number one telecommunication operator in South Korea, to launch the first eSIM Connected watch based on GSMA Consumer standards. As a leading actor in the telecom field, IDEMIA is at the forefront of the digital revolution and is committed… Read More »

South Korea – Touch Your Finger and Your Bill Gets Paid

By | June 11, 2018

The Korean credit card industry is introducing the so-called FingPay, which allows users to pay for bills by putting their finger on the terminal. Shinhan Card, BC Card, and Hana Card announced on June 10 that they would introduce FingPay, a non-media convenient payment system that uses finger vein authentication, in partnership with LG Hitachi and Nice Information… Read More »

Lotte Card sells Visa wearable payment devices for PyeongChang Olympics

By | February 9, 2018

SEOUL, Feb. 9 (Yonhap) — Lotte Card Co., a South Korean credit card firm, said Friday it has begun selling Visa wearable payment devices for the 2018 Winter Olympics and Paralympics in PyeongChang. Visa is the only credit card that can be used for payments at the Winter Games as it is an official global sponsor of the… Read More »

Exclusive Interview to Mr. Dong Su Kim, CEO of KSID

By | February 2, 2018

I had the opportunity to interview Mr. Dong Su Kim, CEO of the Korean Fingerprint Smart Cards developer Korea Smart ID, better known in the market as KSID. Q: Good morning Mr. Dong Su Kim and thanks for accepting my invitation to have an interview. Let’s start with few info on the company. Can you give us some… Read More »

South Korea – Record Number of Passports Issued in 2017

By | January 3, 2018

Last year saw the largest ever number of passports issued at five-point-23 million, up 12 percent from 2016. The Foreign Ministry released the figures Tuesday, adding that the total number of passports held by Koreans was 29 million. The ministry added the increase in passport issuance was largely due to the steady rise in the number of annual… Read More »

Citibank Korea Fails to Compensate for Debit Card Illegal Payments

By | August 14, 2017

s Citibank Korea hasn’t compensated customers who use its debit card for the damages for more than 45 days, the financial authorities enforced sanctions against the bank. According to the Financial Supervisory Service (FSS) on August 13, affiliated stores at Paypal in the U.S. were targeted with a BIN attack and numerous cases of information of Citibank Korea’s… Read More »

Shinsegae releases SSG branded credit card

By | July 19, 2017

Retail giant Shinsegae said Wednesday that it will release a branded credit card called the SSG Card on Thursday. While most retailers partner with existing credit card companies to create credit card benefits for their consumers, Shinsegae produced its own card to create synergy with its SSG Pay system. When used together with SSG Pay, the SSG card… Read More »

Lotte Card introduces ‘pay with your palm’

By | May 26, 2017

Lotte Card launched Hand Pay, the first system in the world that can process payments with the scan of one’s palm, on May 16. The payment method was made available at 7-Eleven Signature, an unmanned 7-Eleven in the Lotte World Tower in southern Seoul. Lotte Card’s Hand Pay allows customers to pay using an individual’s distinct vein pattern… Read More »