[Featured Stock] Korea Information & Communication Hits Upper Limit on News of Apple Pay Launch in Korea

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[Asia Economy Reporter Ji Yeon-jin] Korea Information & Communications is recording an intraday upper limit on the 7th following news of Apple Pay's domestic usage.

Korea Information & Communications is trading at 14,150 KRW, up 29.82% compared to the previous day, starting from 9:33 AM.

The company, as a financial value-added network (VAN) operator, creates added value through its VAN system that connects merchant networks equipped with card terminals and POS systems to external interfaces such as card companies, banks, oil companies, and point providers.

On this day, reports emerged that starting December this year, iPhone users will be able to use Apple Pay at all convenience stores nationwide, Starbucks, E-Mart, Costco, and other large franchise stores.

It is known that Apple has made the final decision to commercialize the simple payment service 'Apple Pay,' which was previously launched only in countries like the United States, domestically in partnership with Hyundai Card.

This content was produced with the assistance of AI translation services.