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[Finance] SK Telecom and Hana Financial Group Establish Joint Venture for Fintech Business
SK Telecom today announced that it has entered into a joint venture agreement with Hana Financial Group to promote the fintech business.Under the agreement, SK Telecom will hold a 49 percent equity stake in the joint venture, with Hana Financial Group holding the remaining 51 percent. The two compan
Whowired News Team   2016-08-19
[Finance] Master Card releases digital wallet 쁌aster Pass in Korea
Master Card announced on April 21 that it has released the digital wallet 쁌aster Pass for credit cards app card and petty money settlement via Shinhan Card. Previously those app cards and money settlement services were not available abroad but with the Master Pass connected, consumers can now enj
Jeansun Kim   2015-04-21
[Finance] Mixed reaction from Daum Kakao and Naver on Internet bank
The Korean government will launch internet-only banks by the end of this year, after drawing up a special plan in June as discussed by a task force for the introduction of internet-only banks last January. However, it drew mixed reaction from two major market players Daum Kakao and Naver. On April 1
Jeansun Kim   2015-04-17
[Finance] LG Uplus partners with KB Kookmin Card to introduce mobile payment card in China
LG Uplus has partnered with KB Kookmin Card to advance into the Chinese mobile payment market by introducing a China Union Pay mobile card. LG Uplus said on April 16 that it signed a MOU with KB Kookmin Card and China Union Pay at its new headquarters located in Yongsan, Seoul to cooperate on introd
Whowired News Team   2015-04-16
[Finance] Mobile-only card to be introduced in April
Consumers can now have mobile-only credit cards within 24 hours after application as a minimum time window required to check on identity theft. The Financial Services Commission and the Financial Supervisory Service approved mobile-only credit cards on April 8. Mobile credit cards will be issued wit
Liz Kim   2015-04-08
[Finance] SK Planet signs a MOU with Shinhan Bank for FinTech business
SK Planet and Shinhan are working together to revitalize the FinTech industry. SK Planet and Shinhan Bank signed a strategic MOU on March 24 for bilateral collaboration. The agreement was reached for ICT based new joint financial service development. Both companies are getting ready to embark on a n
Liz Kim   2015-03-24
[Finance] What drove Samsung Electronics corporate tax to drop by 43%
Samsung Electronics consolidated financial statement has shown its pre-tax profit reached 27.875 trillion won in 2014 down by 10.489 trillion won from the previous year, heavily affected by a drop in sales by 9.83% from 228 trillion won to 206 trillion won. However, the drop in corporation tax was
Jeansun Kim   2015-03-10
[Finance] Hyundai Capital offers new lease options for its EVs
Hyundai Capital now offers lease deals for electronic vehicles on the 24th for the first time in Korea. It still guarantees salvage prices for the vehicles, thus lifting the burden of abrupt price drop in used cars while still offering a range of benefits. With the subsidy for Kia Soul EV priced at
Liz Kim   2015-02-24
[Finance] Samsung jumps into mobile payment market to challenge Apple Pay
It is expected that the two biggest electronics giants, Samsung Electronics and Apple, will have a showdown over future reign of the rapidly growing global mobile payment market.On 19 Feb, Samsung Electronics announced its entry into the market by acquiringLoopPay, a US-based mobile wallet provider.
Whowired News Team   2015-02-23
[Finance] Fintech is a big buzzword at local banks, securities and card companies
Fintech, which is an abbreviation of financial technology, is increasingly becoming a keyword in the local banking industry as well as at securities and card companies. This is in line with the government셲 efforts to nurture the new promising financial sector.The local banking industry is particula
Whowired News Team   2015-02-13
[Finance] Samsung, Hana, and BC Cards provide erroneous tax information this filing season
A slew of credit card companies caused turmoilby providing erroneous tax transcripts during this tax filing season. While tax payers are anxious about more taxes they will have to pay due to some changes in tax code, the faulty data has caused the tax filing process to be even more onerous. The comm
Jeansun Kim   2015-01-26
[Finance] Qualcomm invests 9 billion won in Job Planet
Qualcomm invested 9 billion won in Job Planet through venture capital subsidiary Qualcomm Ventures, jointly with Altos Ventures and Bon Angels. Job Planet is an anonymous platform where former and current employees share their inside views of corporate life that has garnered over 3 million visitors
Jeansun Kim   2015-01-14
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