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Korea

News about the NFC market in Korea — trials, pilots, tests and live services.

Brainwave biometrics to arrive in three years

April 10th, 2015

Consumers could be able to authenticate themselves using brain wave and heart beat bio-signals from as soon as February 2018. The Korea Internet & Security Agency is to develop standards for the next-generation biometric technologies, and has set up a research committee which includes university hospitals and leaders from the telecommunications and biometrics industries, WhowiredKorea reports.

Naver Pay to go live in June

March 18th, 2015

Korean internet portal Naver is to introduce a mobile payments platform from June that will let users verify themselves using fingerprint recognition and make payments using their Naver ID, a password, the mobile number of the recipient and either a credit or debit card. “It has tied up with five credit card firms, including BC Card Co and Samsung Card Co, and is in talks with five major local banks to forge the partnership to provide Naver Pay,” Yonhap reports.

No Samsung Pay fees for Korean issuers

March 9th, 2015

No fees will be charged by Samsung to card issuers making use of its new Samsung Pay service in Korea, Business Korea reports, “to help dominate the rapidly-growing mobile payments market”. Samsung’s revenue plan for the US “is still unknown”, the report adds, “but an industry source said that the company is unlikely to charge fees in the US in light of its decision in Korea”.

Korea shifts to NFC authentication for mobile banking

March 2nd, 2015

Korean financial institutions are to offer streamlined NFC authentication for mobile banking transactions starting from as soon as the first half of 2015, according to local media reports. Bank customers currently use dedicated passcode generator devices… More

Fime gets NFC Forum analog testing qualification

January 5th, 2015

NFC testing specialist Fime has announced its labs in Asia, EMEA and Korea have been qualified to perform NFC Forum analog certification testing. “These Fime laboratories are now authorised to perform all forms of NFC Forum certification testing, covering analog, digital, logical link control protocol and simple NDEF exchange protocol (SNEP),” the company explains.

Korean banks partner with messaging giant for mobile banking service

November 13th, 2014

Korean internet and messaging giant Daum Kakao has launched BankWalletKakao, a mobile wallet service provided in partnership with 16 Korean banks and Korea Financial Telecommunications and Clearing Institute (KFTC). The service leverages instant messaging technology… More

SK Planet to roll out Bluetooth beacons to 10,000 stores across Korea

November 3rd, 2014

SK Planet has launched a new Bluetooth Low Energy (BLE) service in Korea that offers customers reward points and benefits directly on their mobile device whenever they enter a participating retail location. The BLE beacon-based solution is expected to be installed in more than 10,000 stores by next month. More

Samsung to offer money transfers

October 29th, 2014

Samsung will launch a mobile money transfer service in Korea at the end of this year in partnership with mobile payment service provider Yelopay and six banks, Korea Bizwire reports. “Samsung Wallet, which used to be used only for coupon services and app cards, is now transformed into [a] fintech service platform,” the article says, noting that users can send up to 100,000 won at a time through the service. “The six financial institutions including Kookmin, Shinhan, Woori, Nonghyup, Citi and Korea Post Office reportedly have announced collaboration with the electronics company, but it plans to expand to all financial organisations.”

Apple Pay to launch in Korea?

October 24th, 2014

Apple is eyeing up the possibility of launching Apple Pay in Korea, Korea Bizwire reports. “It is reported that the American company inquired with the Financial Supervisory Service about the electronic payment business licensing and security suitability evaluation procedure,” the article says. “According to financial industry sources on October 20, officials from Apple Korea visited the financial regulator recently and asked about domestic registration of its new e-payment service Apple Pay.”

Korea’s SK Planet buys US BLE offers platform Shopkick

September 29th, 2014

Mobile offers platform Shopkick, which is working with a number of high profile US retailers to roll out a network of Bluetooth Low Energy (BLE) beacons, has been acquired by SK Planet (SKP), operator of… More

KakaoTalk to add payments

August 6th, 2014

Korean mobile messaging service Kakao is to launch a new payment solution in September, in collaboration with nine credit card firms, that will let its 100 million KakaoTalk customers make payments using only their password. “Through integration of the payment modules to the KakaoTalk network, the company will help users buy goods simply with the KakaoTalk password once they register credit card or account information at the first transaction,” the Korea Times reports.

Starbucks now processes six million mobile payments a week

July 28th, 2014

Coffee chain giant Starbucks now has 12 million active users of its mobile app in the US and Canada alone. Customers make six million mobile payments a week — representing more than 15% of all… More

Korean banks accelerate mobile wallet plans

July 25th, 2014

Korea’s banks are making a renewed push on mobile payments in the face of increasing competition from outside the financial services sector, Korea Bizwire reports, citing Hana Bank’s ‘Hana N Wallet’, Industrial Bank of Korea’s ‘IBK One Money’, and Shinhan Bank’s ‘Zoo Money’ and ‘My Shinhan Pay’ services. “The sense of urgency that IT companies are encroaching on the mobile payment market is making banks competitively beef up their smartphone-based electronic commerce services and scramble into the war of mobile wallet,” it says.

CrucialTec to secure mobile banking with fingerprints

July 18th, 2014

Korean mobile input technology specialist CrucialTec is developing a fingerprint authentication solution that will replace passwords when consumers access mobile banking services on their smartphones, Korea Herald reports. The solution, which is designed to achieve the necessary security certification for use in online banking in Korea, is set to be introduced later this year.

Starbucks Korea lets customers place orders with their mobile phone, more countries to follow

June 4th, 2014

Starbucks customers in South Korea have become the first to be able to place their order at the coffee shop chain using their mobile phone. The new service is integrated with Starbucks Coffee Korea’s mobile… More

KDDI, SK Planet, Chunghwa Telecom and HKT form Asia NFC Alliance

February 25th, 2014

Japanese carrier KDDI, Korea’s SK Planet, Taiwan’s Chunghwa Telecom and Hong Kong Telecommunications (HKT) are to work together to spread adoption of NFC services in Asia, using a shared NFC tag specification, brand mark and… More

LG updates NFC pocket printer

January 7th, 2014

Electronics giant LG has shown off an updated version of its NFC-enabled smart mobile printer at CES 2014. The Pocket Photo 2.0 enables users to print 5.1cm by 7.6cm photos directly from their tablet or smartphone. Available in Korea from mid-January, the device also includes Bluetooth and is compatible with Android, Windows Phone 8 and iOS.

LG unveils curved NFC phablet

October 30th, 2013

LG has launched an NFC phablet with a curved 6-inch HD Oled display offering “an Imax-like experience” when watching videos in landscape mode. The G Flex runs Android 4.2.2 Jelly Bean and features a Snapdragon… More

SK Planet’s radical touchpoint design sees NFC interaction soar

October 24th, 2013

A radical new NFC touchpoint design, coupled with the offer of nationally redeemable rewards, led to consumer interactions increasing by a factor of more than 20 at a recent exhibition in Korea, SK Planet has… More

Samsung launches Galaxy Round NFC smartphone with curved display

October 10th, 2013

Samsung has launched the Galaxy Round, a premium NFC smartphone with a curved 5.7-inch Full HD display which will go on sale in Korea for KRW1,089,000 (US$1,000). As well as being easier to grip thanks… More

Full list of NFC trials, pilots, tests and live services around the world...

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