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KT cuts executives by 20%, hires external figure to spur digital innovation

KT reduced the number of executives by 20 percent, recruited external professionals to strengthen expertise and established a Technology Innovation Unit in a bid to accelerate digital innovation in its annual reshuffle of executives, the company said Thursday.

Hyundai Card s overseas usage skyrockets with Apple Pay partnership

Hyundai Card’s overseas usage has surged by 81 percent compared to a year ago, due mainly to the card s increased global payment versatility with its Apple Pay partnership that began in March this year.

[KH Explains] Hesitation among card firms grows over Apple Pay

To grab a bit of Apple or leave it on the shelf? That's the question that has been lingering among card companies here since Apple Pay was launched in Korea in March with initial local partner Hyundai Card. Hesitation over adopting Apple Pay entered a new phase after a parliamentary audit held on Oct. 11 raised concerns about Hyundai Card, which introduced the service at the cost of paying high commission fees t.

[KH Explains] Card firms increasingly hesitant over Apple Pay

To grab a bit of Apple or leave it on the shelf? That's the question that has been lingering among card companies here since Apple Pay was launched in Korea in March with initial local partner Hyundai Card. Hesitation over adopting Apple Pay entered a new phase after a parliamentary audit held on Oct. 11 raised concerns about Hyundai Card, which introduced the service at the cost of paying high commission fees t.

Apple, Costco, Nike, Adidas asked to testify about alleged misconduct

Heads of the Korean units of Apple, Costco Wholesale, Nike, Adidas and multiple other foreign firms were selected as witnesses to testify about misconduct allegations involving their companies during the upcoming National Assembly audit this month, according to industry officials, Thursday.

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