[Featured Stock] KG Inicis Surges Over 11% on Apple Pay Launch News
![[Featured Stock] KG Inicis Surges Over 11% on Apple Pay Launch News](http://www.asiae.co.kr/news/img_view.htm?img=2019050910302915201_1557365429.jpg)
[Asia Economy Reporter Kwon Jae-hee] KG Inicis is showing strong performance in the early trading session following the news of Apple Pay's launch.
As of 10:37 AM on the 7th, KG Inicis is trading at 14,500 KRW, up 11.11% compared to the previous trading day. During the session, KG Inicis rose as much as 14.94% to 15,000 KRW before giving up some of the gains.
On this day, Apple and Hyundai Card announced that starting from December, they will launch the 'Apple Pay' service for iPhone users in South Korea. The service will be available at all convenience stores nationwide, as well as major franchise stores such as Starbucks, E-Mart, and Costco.
Hot Picks Today
No Bacteria Detected in Arisu After 24 Hours of Repeated Drinking from a Tumbler
- "We Can't Just Let Them Be Damaged Inside"... Samsung Electronics Removes 360,000 Wafers in Preparation for Strike
- "Up to 100 Trillion Won in Losses Feared, It's Not About Second Place but Catastrophe"... Industry Minister: 'Emergency Mediation Unavoidable If Samsung Strike Occurs'
- Wife in $6.7 Million Debt Took Out $3 Million in Husband's Life Insurance, Poisoned Him... US Court: "She Can Never Be Released"
- "He's Handsome, It's Such a Pity?"... Lawyer Responds to Bizarre 'Appearance Evaluation' of High School Girl Murder Suspect
To support this, Hyundai Card has signed contracts with six major VAN companies, which are entrusted with managing card payment terminals, as well as card terminal manufacturers. The participating VAN companies include KG Inicis, KIS Information & Communication, KICC (Korea Information & Communication), KSNET, NICE Information & Communication, and Fiserv.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
