Apple Pay in final-stage talks to enter Korean market
Hyundai Card is said to have partnered with local network firms and payment terminal manufacturers to jointly develop the NFC payment system for Apple Pay.
Jung Min-kyung
Korean financial groups make aggressive expansion in Vietnam
One competitor, Woori Bank, raked in a net profit of 23.8 billion won in the first half of this year from its business in Vietnam, up 128.5 per cent from the previous year.
Crypto airdrops subject to gift tax: Korean authorities
Though Korea has yet to impose capital gains tax on crypto trade, it levies gift tax on “gifted” assets. However, detailed standards and monitoring systems are still not in…
Korean chipmakers’ reliance on China jumps 13-fold over 20 years
A report noted trade ties between the two countries, established in 1992, became a major driving force behind Korea’s economic growth.
Starbucks Korea admits giveaway bags had cancer-causing chemicals
Suspicions arose of toxic substances on the merchandise after multiple online posts claimed early last month that the bags had an odor.
Coins like ‘luna, terraUSD had obvious design flaws’: Crypto pioneer
As a founding member of the ethereum platform, Joel Dietz is viewed as a visionary and a “renaissance man” in the crypto sphere.
South Korea braces for ‘perfect storm’ in the financial market
The concerns come as the US Federal Reserve’s aggressive rate hikes, a strong dollar trend, high inflation and ongoing global supply chain bottlenecks rattle the Korean market.
Remote work tests South Korea’s corporate hierarchy, culture
Once unthinkable, working from home in high demand by younger workforce that values performance over loyalty.
Korea has nearly 100,000 investors holding crypto worth over W100m
As of end-December last year, a total of 5.58 million investors were registered with local crypto exchanges.
Calls grow for revival of Korea-US currency swap deal
Korea’s latest $60 billion currency swap deal with the US expired in December, as Asia’s fourth-largest economy showed stable recovery from the pandemic.