Tag: Hyundai

  • Apple Pay set to launch in South Korea on March 21

    Apple Pay set to launch in South Korea on March 21

    Apple and Hyundai Card have announced the upcoming launch of Apple Pay in South Korea on March 21, marking the tech giant’s latest move into the competitive mobile payment service market. The launch comes a month and a half after Apple first announced its plans in early February, following a review by the Financial Services Commission (FSC), the regulatory body overseeing financial institutions and products in South Korea.

    Currently, only Hyundai Card users will be able to utilize Apple Pay in South Korea, as Hyundai Card gave up its exclusive right to use the service during the FSC review process, allowing other card companies to join the program. Once the service is released, Hyundai Card users will be able to register their domestically issued Hyundai Card on Apple devices such as the iPhone and Apple Watch and pay with Apple Pay without the need for a physical card.

    Notably, Apple Pay is expected to be available at major convenience stores and department stores, including Lotte Mart, HomePlus, Costco, Ediya Coffee, Paul Bassett, and Twosome Place. However, Starbucks and stores affiliated with Shinsegae Group, such as E-Mart and Shinsegae Department Store, are reportedly not planning to support Apple Pay for the time being.

    While the launch of Apple Pay is a significant milestone, the service is currently limited in Korea. One of the main challenges for Apple Pay to overcome is the diffusion of NFC (Near Field Communication) terminals, which are still only 5% penetrated. Moreover, it is essential to increase the number of partner credit cards while alleviating the burden of credit card processing fees for Apple Pay to succeed in the Korean market.

    Despite these challenges, industry observers expect Apple Pay to become a strong competitor to Samsung Pay, which currently dominates the domestic payment service market in South Korea. It is worth noting that Apple Pay has already seen success in other international markets, such as the US and Japan.

    The introduction of Apple Pay in South Korea is an important step for the mobile payment industry in the country. While there are challenges to overcome, the move is expected to bring greater convenience and options for consumers, and potentially shift the balance in a market long dominated by Samsung Pay.

  • Job Seekers Flock to Hyundai Motor Group’s Recruitment Page for Production Line Workers

    Job Seekers Flock to Hyundai Motor Group’s Recruitment Page for Production Line Workers

    Hyundai Motor Group’s announcement that it will recruit production line workers for the first time in a decade has drawn the attention of tens of thousands of job seekers. The recruitment page on Hyundai’s website saw over 30,000 visitors on the first day of applications, causing server slowdowns throughout the day, according to the company. This recruitment drive, which ends on March 12, will see Hyundai hire 400 production line workers in July, the first such hiring spree since 2013.

    The announcement generated significant buzz online, with users on Blind, a workplace community app, asking for advice and tips about applying. One post by a Samsung Electronics production line worker asked for advice on changing jobs to Hyundai, while another opened a poll on whether to switch to Hyundai or keep their current job. As of 2 p.m., of the 103 respondents, 71 recommended applying for the car manufacturing factory. A public servant also wrote that working for Hyundai would be more lucrative and secure than working as a sixth- or seventh-level public official.

    Hyundai’s focus on providing improved workplace welfare and a high average annual salary of $73,500 makes the company an attractive employer for manual labor jobs. After reaching the retirement age of 60, employees can work part-time for an additional year. The job posting was so popular that prep guides for Hyundai Motor Group became one of the bestselling guides at Kyobo Book’s online store.

    With more than 100,000 applicants expected to submit their resumes for the available positions, competition is likely to be fierce. Hyundai plans to hire an additional 300 factory workers next year.