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Finance
Face payment gains traction as Naver Pay, Toss intensify infrastructure race
Competition in offline payment terminals is heating up as face payment draws attention and spreads, prompting Naver Pay and Toss to race to expand merchant networks. Naver Pay is pushing its Npay Connect terminal, linking payments to reviews, coupons and other services, and says installations have surpassed 100,000 stores. Toss is expanding FacePay use cases with its Toss Front terminal, citing growth to over 6 million registered users and widening partnerships and events.
Finance
Mitos puts financial security to the test as network separation easing begins
Single-stock leveraged ETFs and ETNs tied to Samsung Electronics and SK Hynix sharpened semiconductor concentration in South Korea\'s stock market, with first-day turnover topping 10 trillion won. Regulators warned investors about amplified losses. Financial firms also stepped up responses to AI-driven cyber threats as the emergence of high-performance AI \"Mitos\" raised concerns about more sophisticated hacking, prompting authorities to review easing and possible full removal of network separation rules.
Finance
Toss to roll out Face Pay at Hyundai specialist Bluehands shops
Viva Republica, which operates Toss, is expanding its offline payment touchpoints into repeat-visit daily services such as auto maintenance to speed up the rollout of Face Pay. Toss said on May 28 it signed an MOU with the Hyundai Maintenance Franchise Cooperative Federation to introduce Face Pay at Hyundai specialist Bluehands shops nationwide. The partners plan phased expansion, joint marketing and customer benefits including Toss Points.
